Still Hard Times For Jumbo MBS Why wouldn’t investors want to gobble up securities made up of jumbo loans? Well, how about delinquencies? In a story out of Business Week, “US prime jumbo mortgages at least 60 days late backing securities reached 9.6% in January from 9.2% in December, the 32nd straight increase for “serious [...]
The Basis Point is a mortgage and housing blog for consumers. It's run by Julian Hebron, a mortgage banker in San Francisco serving retail borrowers, realtors, developers, and financial advisors. More...
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