Million Dollar Mortgage Rates, Where to get a Jumbo Mortgage

``Banks, such as J.P. Morgan Chase, Citibank, Bank of America, and Wells Fargo, are expanding their jumbo loan lending for several reasons. First, tightening government regulations incentivize banks to increase their bottom line. New financial reform legislation empowers the Federal Deposit Insurance Corporation to dismantle systemically risky institutions. Fannie and Freddie have also launched an aggressive investigation on default loans for violations and will penalize banks if they refuse to buyback faulty loans. Second, primarily due to strong credit history and high credit scores, jumbo loans have low default rates.''