Jumbo Loan Delinquency: The Worst Is Yet To Come?
New information on the number of jumbo prime loans that are delinquent was released and this morning on CNBC, David Faber covered the topic. Faber essentially explains the highlights from a new report from Fitch about the rising delinquency numbers for prime borrowers who have jumbo loans.
Currently across the nation, prime jumbo loan delinquencies that are more than 60 days late reached 9.2%
Loans are from '06, '07 gene.... Read More...