Jumbo mortgages

A development team that includes a real estate investment arm of JPMorgan Chase is offering the ultra-wealthy a rare opportunity to build mansions bigger than the White House on a hillside overlooking Los Angeles.

American Advisors Group has begun marketing a jumbo reverse mortgage loan over a year after it first planned to issue them.

The refinance mortgage market's unexpected resilience in 2015 has come as the result of a number of well-timed factors coalescing to create a welcomed surprise to lenders.

Mortgage applications fell 6.2% from a week earlier on a seasonally adjusted basis for the seven days ended Sept. 4, according to the Mortgage Bankers Association.

Years after the great American housing bust, mortgages akin to the so-called liar loans — which were made without verifying people’s finances — are creeping back into the market.

Mortgage credit availability loosened in August as lenders have more jumbo loan products and added loans for borrowers with less-sterling credit, according to the Mortgage Bankers Association.

Mortgage applications rose 11.3% from a week earlier on a seasonally adjusted basis for the week ending Aug. 28, according to the Mortgage Bankers Association.

Parkside Lending has introduced jumbo mortgages for properties with loan-to-value ratios as high as 95% and without mortgage insurance.