U.S. prime jumbo loan performance continued to weaken in January, according to a report by the Fitch Rating agency in New York. Overall delinquencies of 60+ days on prime jumbo loans increased to 9.6% in January, up from 9.2% in December, and 3.7% a year earlier.
FR: “The new year has brought no relief from declining jumbo loan performance,” said Managing Director Vincent Barberio. “The trend line for delinquencies indicates the 10% level could be reached as early as next month.”
Here are the five states with the highest volume of prime jumbo loans outstanding »
Disclaimer: This page contains affiliate links. If you choose to make a purchase after clicking a link, we may receive a commission at no additional cost to you. Thank you for your support!
Leave a Reply