While the economic outlook remains strong at the start of the year, with GDP hovering around 3% growth annually and unemployment continuing at record lows, we believe government policy, interest rates ...

After L.A. Fires Destroyed Mansions, Banks Reckon With Jumbo Loans by John Gittelsohn, Ann Choi, Yizhu Wang. The loans make lenders responsible for the losses should borrowers wal ...

In the affluent Los Angeles neighborhoods scorched by wildfires, jumbo mortgages on multimillion-dollar homes are commonplace, making the loans a potential pain point for the banks left holding them.