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Prime Jumbos Showing Strain: S&P 

Aug 22, 2008By

Prime jumbos are beginning to show signs of credit strain, adding to growing trouble already apparent in the subprime and Alt-A mortgage sectors, according to data released Friday by Standard & Poor’s Ratings Services. U.S. prime jumbo RMBS deals saw recent vintage delinquencies increase during July, relative to June’s totals; 2006 vintage prime jumbos saw delinquencies increase 13.2 percent, while the 2007 vintage saw delinquencies rise 7.3 percent. Both jumps came in just one month.

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