MEMO:  To our existing borrowers

 

RE:  Non-conforming (Jumbo) Mortgage Market

 

 

 

 

The past few weeks have shown us that the changes and challenges for non-conforming (jumbo) mortgage financing will be with us for at least the next few months.  As has been evident on a national basis, jumbo (non-conforming) financing is not impervious to market-related product and pricing pressures.

 

Conflicting pressures within the secondary market should keep the waters choppy for some time to come.  Stabilization as it relates to pricing and product availability should only come as a direct result of investor confidence in the underlying asset class. (MBS)

 

In the meantime we will continue to weather the existing storm.  We continue to have access to some of the most competitive non-conforming (jumbo) loan programs in the market.

 

If you have questions about your new non-conforming (jumbo) mortgage financing, please feel free to give us a call and we will be more than happy to spend a few minutes to discuss your scenario with you.

 

 

1.877.858.7212