Real Estate Serivces Forum: Fixing the Jumbo Mortgage Market

The jumbo mortgage market faces significant challenges. Securitization has come to a standstill, spreads have sky-rocketed, and banks’ ability and willingness to portfolio loans has been curtailed by mounting losses and capital shortfalls. While there has been resistance to efforts to assist a segment of the market largely seen as serving the rich, the continued lack of jumbo financing is impeding the housing market recovery. 

The Real Estate Services Forum: Fixing the Jumbo Mortgage Market, held during NAR's Midyear Legislative Meetings and Trade Expo, examined how the jumbo mortgage market impacts the real estate industry, provided insights on what is going on in key markets and proposed short-term and long term solutions to restore reasonable financing for jumbo loans. Our panelists included:

Lawrence Yun, Chief Economist, NAR
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David Adamo, President & CEO, Luxury Mortgage Corp.
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Vijay Lala, First Mortgage Product Executive, Bank of America Home Loans