A small, although rising, number of prime jumbo mortgages are becoming seriously delinquent. According to a report released by Barclays Capital this morning, approximately 1.5% of fixed rate loans are 60 days or more past due.

In a previous report, the firm updated its loss estimates on Alt-A mortgage-backeds. Analysts noted that the combined effects of extreme year-over-year housing price drops, particularly in the non-agency heavy states of California and Florida, and the lock up in mortgage securitization have spurred loss risk.

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