Lenders Easing Up on Jumbo Mortgages – NYTimes

Here is some good news in lending. The New York Times (May 29, 2014) is reporting that lenders are easing up on jumbo mortgages.  “Over the last few months, lenders have begun approving loans for jumbo borrowers who don’t strictly meet the usual rules for, say, income documentation or credit score minimums, but can compensate for these shortfalls in other ways.”  In the Metro DC market, jumbo loans are mortgages of $625,500 or higher.

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