Indy Mac To Resume Jumbo Loans
IndyMac Bank announced today that it will resume originating prime, single-family residential, full doc jumbo loans after they temporarily reduced the origination of these products due to the recent credit cruch in the secondary markets.
“Given our strong financial position, we are fully committed to the market for prime jumbo home loans,” commented Michael W. Perry, Indymac’s Chairman and CEO. “Until the secondary market recovers, we plan to retain this product in our investment portfolio at what we believe will be attractive returns.”
mortgage101 on August 24th 2007 in Mortgage News