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Thanks- more evidence it all could be turning the corner.
by Kenneth R. Harney
Mar 22 (LA Times) — LA Times says jumbo mortgage financing to increase ÃƒÂ¢Ã¢â€šÂ¬Ã¢â‚¬Å“ major banks are about to ramp up financing availability into the jumbo mortgage market, not to then securitize the loans but to keep on their own books. The market has been starved for financing since the onset of the credit crunch in ÃƒÂ¢Ã¢â€šÂ¬Ã¢â€žÂ¢07. BAC is one of the lenders rolling out a large financing program for jumbos.