Jumbo mortgages aren’t at the levels they used to be, but they are back in the conversation.Jumbo activity — loans of $417,000 and up — was 60 percent greater in the four weeks ended Feb. 22 than it was a year earlier, Mortgage Daily reports.“We are definitely enthusiastic,” Tom Wind, executive vice president of residential and consumer lending at EverBank Financial Corp. in Jacksonville, Fla., told Reuters. (Incidentally, Wind used to be in the mortgage business in St. Louis.)The…Read More... [Source: Residential Real Estate News - Residential Real Estate News Headlines | Bizjournals.com]
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