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Landing a Jumbo Is Getting Easier

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Abstract

The United States relies heavily on securitization for funding residential mortgages. But for institutional reasons, large mortgages, or ?jumbos,? are more difficult to securitize, and are instead usually held as whole loans by banks. How does this structure affect the pricing and availability of jumbo mortgages? In this post we show that the supply of jumbo mortgages has improved in recent years as banks have become more willing to take on mortgage credit risk on their own balance sheets.

Suggested Citation

  • Andreas Fuster & Akhtar Shah & James Vickery, 2018. "Landing a Jumbo Is Getting Easier," Liberty Street Economics 20180214, Federal Reserve Bank of New York.
    • Handle: RePEc:fip:fednls:87242
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    Keywords

    jumbo; mortgage;

    JEL classification:

    • G2 - Financial Economics - - Financial Institutions and Services

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