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Jumbo loans thrive in US mortgage market
Competition heats up among big banks such as Wells Fargo for above-US$400,000 mortgage loans
Published Mon, May 12, 2014 · 10:00 PM
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Washington
TODD Vitale, a personal trainer who opened his own gym last year, said he was having difficulty getting a mortgage of more than US$700,000 to buy a home in Greenwich, Connecticut, because his new business was untested.
Then he …
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