This story on the skyrocketing rates of default in jumbo loans misses the point.
It ain’t rich folks. It’s folks in places like San Diego and San Jose where house prices went insane, and people were putting down $400K for a 400 square foot 1BR.
This story on the skyrocketing rates of default in jumbo loans misses the point.
It ain’t rich folks. It’s folks in places like San Diego and San Jose where house prices went insane, and people were putting down $400K for a 400 square foot 1BR.