October 2008
National Mortgage News;10/20/2008, Vol. 33 Issue 5, p10
Trade Publication
The article profiles Mike Covino, president of LUXMAC Home Mortgage of Tarrytown, New York. It notes that Covino has been making large loans for 27 years. He sees no upside for super-jumbo loans and fears that upper-end home prices in and around the state's metropolitan area may go into a freefall. He also claims that the number of lenders who are willing to play in the market is waning.


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