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Reload this Page Jumbo vs regular mortgage defaulting (loans, interest rate, rate, loan)
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Old 09-21-2008, 06:54 AM
 
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I would like to know of the bad loans what percentage were jumbos. Does anyone have info on this?
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Old 09-21-2008, 03:15 PM
 
Location: DFW - Coppell / Las Colinas
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I've never totally understood Jumbo loans. A guy puts $500k down on a house and borrows $500k he then pays a higher interest rate than some Joe putting minimum down on a $300k home.

You would think they would adjust the rates for large down payments.
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Old 09-21-2008, 03:43 PM
 
Location: Venice Florida
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The Fed keeps the stats - here's a website where you can get some of the info.
http://www.newyorkfed.org/mortgagemaps/
I discovered the site on another thread....
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Old 09-21-2008, 04:16 PM
 
Location: Charlotte, NC
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Business - WSJ.com

There's this article also that mentions some percentages about the defaults on jumbo loans.
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