Word: marinello
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Dates: during 1990-1999
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...Russ Marinello, a mortgage broker for Bay Counties Financial, says 80% of the mortgages he originates are jumbos--and no, it's not his specialty. The San Francisco area is unusually pricey. But jumbo creep is a broad issue. The breakpoint adjusts annually to match the rise in the national median home price, 5% last year. Still, in places where home prices are escalating faster than that, more buyers will be pushed into jumbos...