U.S. prime RMBS late-pays have now eclipsed 10% at the same time subprime delinquencies fell for the first time in nearly four years, according to Fitch Ratings.

Serious delinquencies are up for the 34th consecutive month. Prime RMBS loan delinquencies nearly tripled in 2009 and are already up 90 basis points this year. Overall, prime jumbo RMBS 60+ days delinquencies rose to 10.1% for March, up from 9.9% for February and 4.8% a year ago.

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