AmTrust Financial Corp., the former Ohio Savings Bank that makes more than $2 billion a month in mortgages, today stopped making loans that exceed 95 percent of a home’s value. The change applies to jumbo mortgages, above the $417,000 limit set for loans bought by Fannie Mae and Freddie Mac, as well as mortgages the bank intends to hold in its portfolio.

The CEO of AmTrust, one of the top 20 mortgage lenders in the country, was on Bloomberg TV Thursday, August 9th. Almost all mortgages are jumbo in some of the U.S.’s most expensive markets. In San Jose the median price for single-family home was $788,000 in the first quarter, according to the National Association of Realtors. San Francisco’s median was $748,000 and California’s Orange County was $697,300. The suburbs north and west of Manhattan are the East Coast’s most expensive single- family market, with a median of $521,400.

AmTrust’s CEO instilled confidence and presented himself well in the Bloomberg interview. They make good quality loans and are holding a steady proven course. With no radical adjustments as seen in other areas of the industry, AmTrust makes loans across the country to qualified borrowers.