Loan Think

Jumbo Loan Sellers Getting Scarce?

For months the industry has been hearing plenty of talk about new entrants to the jumbo securitization market. The great irony of all this talk is that only one new jumbo MBS deal has come to market this year: a spring offering by Redwood Trust. However, we're starting to hear reports that some originators of jumbos are reluctant to sell their product into the secondary market because they like the yield on these nonconforming loans, many of which have downpayments of 20% or more. If you hear anything drop me a line at: Paul.Muolo@SourceMedia.com...

Processing Content

For reprint and licensing requests for this article, click here.
MORE FROM NATIONAL MORTGAGE NEWS
Load More