The 60-day delinquency rate on securitized prime jumbo mortgages increased 30 basis points between January and February, Fitch Ratings reported.
Fitch said delinquency on jumbo loans securitized during 2006 and 2007 was three times as bad as the rate on pre-2005 issuances.
Moody’s Investors Service said last month that it downgraded 32 tranches from 2005, 2006 and 2007 residential mortgage-backed securities because of "rapidly deteriorating performance of jumbo pools in conjunction with macroeconomic conditions."
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