According to the Seattle Times "new money is about to flow into an area of the real-estate market that has been hardest squeezed by the credit crisis: mortgages too large to be purchased or backed by Fannie Mae, Freddie Mac or the Federal Housing Administration."
Major banks, such as Bank of America, are going to begin originating jumbo loans at affordable rates and offer 30 year fixed programs. They will still have higher downpayment requirements and larger liquid reserve requirements, but the bottom line is there will be more money to lend on the jumbo scene.
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Source: Seattle Times
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