Some Areas Are Seeing the First Signs of a Resurgence in High-End Home Loans
Banks are starting to make "jumbo" mortgages again.
When the credit crisis hit more than two years ago, many banks cut back or stopped making loans for more-expensive homes. Now, smaller and regional lenders are issuing more new jumbo loans and doing more refinancings—as are some big banks that never stopped making them. If the trend continues, it could help bolster home sales in some wealthier areas.
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