Article Image
IPFS News Link • Economy - Economics USA

Florida Real Estate: Banks hit as 16 percent of 'Jumbo Loans' 90 days delinquent

Jumbo mortgages average about $750,000 and can run as high as $5 million or more. More borrowers with such loans are being hit by layoffs that are spreading through practically every sector and pay level of the U.S. economy.”