Frank applauds decision to allow jumbo loans

08/15/2008 | Wall Street Journal, The

Rep. Barney Frank, D-Mass., chairman of the House Financial Services Committee, praised an industry decision allowing the inclusion of jumbo loans in to-be-announced mortgage-backed securities. "This move should help to reduce the cost of mortgages to borrowers in high-cost areas without any negative effect on rates for smaller loans," Frank said.

View Full Article in:

Wall Street Journal, The

Published in Brief: