Monday, February 08, 2010
01:09 PM Texas Time
Further Deterioration in Jumbo Performance
Jumbo RMBS delinquency 9.6%
Last month, Lender Processing Services Inc. reported that overall residential delinquency of at least 60 days climbed more than 10 basis points in December.
Within prime loans, those with current unpaid principal balances between $417,000 and $600,000 have performed the worst," the LPS report said.
Now, Fitch Ratings reports that delinquency of at least 60 days on securitized prime jumbo loans rose 40 basis points during January.
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