Posts Tagged ‘delinquencies’

Now The Rich Are Having Trouble Paying Their Mortgages

It looks like the rich are starting to suffer along with everyone else. The WSJ is reporting that jumbo loan delinquencies are soaring. About 6.9% of prime “jumbo” loans were at least 90 days delinquent in December, according to LPS Applied Analytics, a mortgage-data research firm. The rate was up sharply from 2.6% a year […]