JPM, Citi Renew Focus on 'Jumbos'

June 2009
American Banker;6/29/2009, Vol. 174 Issue 123, p12
Trade Publication
The article reports that the banks J.P. Morgan Chase and Citigroup Inc. are expanding their interest in so-called "jumbo" mortgage loans used to finance the purchases of larger and/or more expensive homes. J.P. Morgan has been purchasing such loans from original lenders, while Citigroup is offering jumbo mortgages through independent mortgage brokers.


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