Jumbo Prime Loans Going Bad at a Rapid Rate

A new report from Lender Processing Services shows that even borrowers with decent credit are getting into trouble. (The data is through January 31.)

From the report (via Housing Wire):

Foreclosure starts continue to increase across product types over the past several months in spite of moratoria and mitigation.

Non-Agency Jumbo Prime starts have increased almost 125% since January 2008, the most of any product…

Though it should be noted that delinquency rates remain relatively low in comparison, over the last 12 months the rate of deterioration in jumbo prime has exceeded all other product.

Reader Comments Read all comments (3)

Add Your Thoughts

Comment Name State Select One AL AK AZ AR CA CO CT DE DC FL GA HI ID IL IN IA KS KY LA ME MD MA MI MN MS MO MT NE NV NH NJ NM NY NC ND OH OK OR PA RI SC SD TN TX UT VT VA WA WV WI WY International Email

Please enter the two words below into the text field underneath the image.

Incorrect please try again

Enter the words above: Enter the numbers you hear:

Your comment will be posted immediately, unless it is spam or contains profanity. For more information, please see our Comments FAQ.