Jumbo Mortgage Delinquencies Were on the Rise In Early 2006, New Moody’s MBS Index Shows
July 28, 2006
Serious delinquencies on securitized prime jumbo mortgages notched upward in the early part of 2006, a new index developed by Moody’s Investors Service reveals. The new index tracks monthly delinquency, loss and prepayment trends on approximately $530 billion of Moody’s rated jumbo MBS issued since 2001, a total of about 1,777 pools...