Jumbo Mortgages Play Larger Role at U.S. Banks – Wall Street Journal July 4, 2016

The jumbo mortgage business keeps getting bigger for banks.

These high-dollar home loans rose to 24% of mortgage approvals at six of the largest U.S. banks in 2015 from 21% the year before, according to an analysis of federal home-loan data. These mortgages to the affluent, typically worth more than $417,000, have become increasingly popular among big banks in the wake of the mortgage crisis. Click here for the entire article.