The Tell: Jumbo home-loan originations near pre-2008 crisis levels
U.S. home prices haven’t been the only thing skyrocketing during the pandemic.
Originations of large “jumbo” U.S. residential mortgage loans that exceed “conforming limits” set for housing giants Freddie Mac and Fannie Mae could hit $550 billion this year, a level not seen since the run-up to the 2008 financial crisis, BofA researchers wrote Monday, in a weekly report.
They…
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