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Jumbo Mortgage

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S&P: Prime jumbo RMBS advance rates nose-dive 

Jul 28, 2014By

“Bank servicers, such as Wells Fargo and JPMorgan Chase, have maintained a high (more than 90%) level of advancing on prime jumbo collateral,” the analysts write. “However, nonbank servicers, such as Nationstar and Ocwen, have advance rates that are substantially lower and have been steadily declining over the past six months.”