jumbo-mortgage

More than 80% of prime jumbo-mortgage holders are current on loan payments, according to Moody's Investors Service, but over half of those borrowers owe more than the house is worth.

Prime Signs of Pain Emerge Katy Burne 2011

In the second quarter of 2010, jumbo-mortgage lenders originated $18 billion in loans — a 20% increase from the first quarter.

The Jumbo-Mortgage Comeback M.P. McQueen 2010

Tim McLaughlin, senior vice president of capital markets for Weichert Financial Services in Morris Plains, N.J., says he doesn 't expect the traditional jumbo-mortgage market to return to normal until institutions can get back to developing and selling bonds based on the mortgages in the financial markets, instead of simply holding the mortgages in their portfolios.

The Jumbo-Mortgage Comeback M.P. McQueen 2010

J.P. Morgan Chase & Co. 's Chase Home Lending unit increased its jumbo-mortgage volume by 146.2% in the first six months of this year over the same period a year earlier, and Wells Fargo & Co. by 47.5%, according to Inside Mortgage Finance.

The Jumbo-Mortgage Comeback M.P. McQueen 2010

Other big jumbo-mortgage lenders still are advertising their loans but have "intentionally priced themselves out of the market" by charging high rates, says Peter Boger, operating chief at Ridgewood Savings Bank.

Banks and Investors Face 'Jumbo' Threat 2009

If the housing market and lending markets were settling down, Mr. Trennert said, jumbo-mortgage spreads would be coming down.

Bond Market Flashes 2008

A wave of selling swept the mortgage-backed-securities market when jumbo-mortgage lender Thornburg Mortgage Inc. and investment firm Carlyle Capital Corp. failed to meet margin calls from several banks, sending the premium on mortgage debt backed by loans guaranteed by government-sponsored entities Fannie Mae and Freddie Mac over comparable Treasury bonds to their mid-1980 high.

Eroding Economy Pressures Bond Market 2008

As an industry veteran and the CEO of a prime jumbo-mortgage lender fighting for its survival, I'd like to add a few of my own observations from the front line over the last 25 years.

Regaining Confidence in Secondary Mortgage Markets 2008

In the past week, jumbo-mortgage lender Thornburg Mortgage Inc. was pushed to the brink of a bankruptcy filing after lenders demanded $270 million in margin calls.

March may be quite cruel 2008

Over the intermeeting period, spreads on conforming mortgages over comparable-maturity Treasury securities remained about flat, as did spreads on jumbo mortgages, although credit availability for jumbo-mortgage borrowers continued to be tight.

FOMC Minutes From January 2008