Jumbo Mortgages are Back!

BofA announced a renewed focus on the jumbo mortgages. Looks like they are serious! Makes sense to loan money to solid citizens with 20%+ down and great credit. Duh! If only BofA would fund a loan! Have 5 Stockton real estate transactions being held up because of BofA processing issues. They have been blaming it on the Countrywide merger which was finalized 4/1. We’ll see……..