California Home Loan 360

Bush signs stimulus package with rebates, jumbo loan relief Bay Area residents accustomed to treating their homes like piggy banks could be in for unpleasant surprises as home prices decline in many areas.

Capital One shuts down its troubled 'jumbo' loan unit, but Washington Mutual reaches out to high-risk borrowers. The mortgage meltdown continued Monday as Countrywide Financial Corp. said it eliminated about 500 jobs in its sub-prime units and a big issuer of "jumbo" loans decided to shut down altogether.

Big-ticket mortgage traffic slowsCNNMoney.com - 5 hours agoWells Fargo, one of the nation's biggest mortgage lenders, raised the interest rates on it 30-year, fixed-rate, non-conforming (AKA jumbo) loan to 8 percent ...Is mortgage market veering toward meltdown? Upstate Houseall 5 news articles