General World News

The jumbo market is up for grabs (Part II)

Large banks have historically been the rulers of the jumbo market. Economic conditions, however, are opening up space for new entrants eying market share. This is because surging mortgage rates, upcoming regulatory changes and regional bank collapses have forced large depositories to pull back. Their retreat opens up opportunities for rival firms to grab market share.

In Part II of our two-part series, HousingWire crunched the numbers to reveal which lenders have pulled back or exited the jumbo market, and which nonbank lenders and Wall Street firms are moving details ⇒

BusinessMediaguide.Com portal received this content from this noted web source: HousingWire.Com