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Mortgage News Headlines
MortgageDaily.com - Mortgage News Headlines
Mortgage Industry News for the Mortgage Industry
2007 Vintage Performance Far Worse Than Prior Years
Delinquency of at least 60 days on Alt-A loans backing residential mortgage-backed securities issued during 2007 and seasoned 12 months was 9 percent, according to data provided by LoanPerformance to
MortgageDaily.com. Alt-A issuances from 2006 had a 5 percent delinquency rate at 12 months seasoning. For prime jumbo loans, the 2007 vintage saw 1.6 percent 60-day delinquency at 12 months' seasoning, LoanPerformance reported. That was more than double the delinquency rate jumbo issuances from 2006 saw after 12 months.
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