Jacksonville Real Estate Market

Jacksonville, Florida

Rich are Defaulting on Loans at Higher Rate? Not So Fast…

Here’s my problem with the thesis of this article: A little less than 14 percent of the loans outstanding in the U.S. are “jumbo,” meaning over $417,000, according to government statistics. The number of loans that are over $1m are even less than that.

Rich are Defaulting on Loans at Higher Rate? Not So Fast…

Here’s my problem with the thesis of this article: A little less than 14 percent of the loans outstanding in the U.S. are “jumbo,” meaning over $417,000, according to government statistics. The number of loans that are over $1m are even less than that.

Rich are Defaulting on Loans at Higher Rate? Not So Fast…

Here’s my problem with the thesis of this article: A little less than 14 percent of the loans outstanding in the U.S. are “jumbo,” meaning over $417,000, according to government statistics. The number of loans that are over $1m are even less than that.

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