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Banks Seek to Expand Jumbos as Mortgage Limits Fall
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Banks Seek to Expand Jumbos as Mortgage Limits Fall
When new lower limits on U.S. government-backed mortgages take effect Oct. 1, buyers of pricier homes may be forced into jumbo loans, which carry higher interest rates and require bigger down payments. The blow may be softened by banks seeking to expand their lending to affluent customers. Gigi Stone reports on Bloomberg Television’s "In the Loop."
Video Length: 0
Date Found: June 28, 2011
Date Produced: June 28, 2011
View Count: 0
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