5/24/2011

A recent report from Moody's says that Wells Fargo, Bank of America, JPMorgan Chase and several other banks are poised to profit by funding jumbo mortgages as Fannie Mae and Freddie Mac withdraw from the marketplace. "Banks with room on their balance sheets to hold higher balance loans in portfolio will pick up market share from loan originators that depend on selling the loans they originate to the government agencies," according to Thuy Nguyen, an analyst with the rating agency, and senior vice president Brian Harris.

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