From Bloomberg: JPMorgan, Citigroup Expand in ‘Jumbo’ Home Mortgages JPMorgan resumed buying new jumbo loans made by other lenders this month, after halting purchases in March, spokesman Tom Kelly said. … Citigroup is again offering the loans through independent mortgage brokers, spokesman Mark Rodgers said. … New jumbo lending, which includes refinancing as well as debt for home buyers, totaled $348 billion in 2007, before dropping to $98 billion last year as mortgage companies tightened standards, according to newsletter Inside Mortgage Finance. Jumbo lending slowed in the fourth quarter to $11 billion, or 4 percent of the mortgage market, the lowest quarterly amount since Inside Mortgage Finance started tracking that data in 1990. … Bank of America Corp. was the largest jumbo lender in the first quarter, with almost $9 billion in new loans, followed by Citigroup ..

Read more here – JPMorgan, Citi Expanding Jumbo Lending