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The market for large mortgages has suddenly dried up.
It also suggests that aid is being targeted on large mortgages, presumably for higher-income borrowers.
The banks would not like it, nor would homeowners, particularly those with large mortgages.
"These are people with nice homes with large mortgages and large automobiles," Mr. Olmstead said.
During the house-building boom many took on large mortgages which they will find difficult to sustain as unemployment grows.
Mr. Appel said lenders that are willing to write large mortgages include UBS, Thornburg Mortgage, Countrywide Mortgage and JPMorgan Chase.
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Absurdly large mortgage?
But Bank of America's large mortgage operations foundered.
And states lacked a way to force the large mortgage servicers to engage with the programs.
Consider last week's settlement between the government and large mortgage servicers over foreclosure abuses.
Banking regulators are reviewing the way large mortgage companies handle foreclosures.
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