Scotsman Guide – Parkside Lending™ Ostrander says credit will loosen for jumbo loans

On Wednesday, the nation’s largest bank, JP Morgan Chase & Co., announced it was loosening its credit requirements for jumbo products in a bid to gain market share. Jumbo volumes have risen sharply in the past quarter, market studies suggest. Reacting to Chase’s move, Parkside Lending Chief Executive Officer Matthew Ostrander spoke with Scotsman Guide Media about trends at this upper end of the mortgage market.