Jumbo loans making large gains

11/26/2012 | Wall Street Journal, The

Lending for mortgages larger than $417,000 jumped by 7.9% through September, compared with 2.7% for non-jumbo loans, according to an analysis by mortgage-technology company FNC. The growth is leading a boom in luxury home purchases, as more lenders are getting into the business and lending standards are being relaxed.

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