Jumbo fixed and Jumbo ARM mortgages have experienced the largest increase in 60+ day delinquencies on a percent basis in all seven major product types, which include Alt-A fixed, subprime fixed,  Alt-A ARM, subprime ARM and option ARM. The delinquency pipelines for these two products have nearly doubled since November, according to the April delinquencies analysis by FTN Financial.

The 60+day percentage for ‘07 vintage Jumbo ARMs swelled to 12.67. This is the only product type  where the total of the 60+ percentage and the cum default percentage is worse for the ’07 vintage than the ’06 vintage, analysts said.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.