Sentences with phrase «jumbo loan on their books»

That means any bank making a loan in Toronto or Vancouver where so many places go for over $ 1M is going to have to keep that jumbo loan on their books.

Not exact matches

Any jumbo loans that a lender can't sell stay on the lender's books and expose the lender to the risk that the jumbo loan borrower would default on an expensive home that would be hard to re-sell after foreclosure.

Jumbo mortgages can not be handled by Fannie Mae or Freddie Mac, the two government - chartered lenders, so the loan will be kept on the lender's own books or transferred to another entity.

Lenders that extend a jumbo mortgage product to the marketplace don't have a place to sell that loan, they must keep that loan on their books.

Any jumbo loans that a lender can't sell stay on the lender's books and expose the lender to the risk that the jumbo loan borrower would default on an expensive home that would be hard to re-sell after foreclosure.