Last decade’s financial crisis left many losers in banking. One winner is the jumbo.
The biggest U.S. banks are tilting toward these high-dollar mortgages as they overhaul loan operations. And jumbo loans, which were less important during the subprime-loan boom, are helping banks take on less risk, as mandated by regulators in the postcrisis era.
These loans, however, could put banks at odds with another federal regulatory…
Banks' Embrace of Jumbo Mortgages Means Fewer Loans for Blacks, Hispanics - Wall Street Journal
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