“[Moody’s Investors Service] now expects losses of 3.8 percent on loans underlying 2005 prime-jumbo bonds, with estimates of 8 percent for 2006 securitizations, 10.9 percent for 2007 debt and 12.3 percent for 2008 securities.”
“Since March, serious delinquencies among the pools, as a percentage of original balances, have risen to 3.2 percent from 2.1 percent for 2005 bonds, 6 percent from 3.8 percent for 2006 securities, 7.6 percent from 4.8 percent for 2007 debt, and 7.8 percent from 4.6 percent for the 2008 group, Moody’s said.”
Moody’s Reviews $143 Billion of Jumbo-Mortgage Bonds [Bloomberg]

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Comments from “Plugged-In” Readers

  1. Posted by JLSF

    Remarkable how fast the 2008 deals have gone bad.

  2. Posted by wow

    The legendary knife-catchers of 2008!

  3. Posted by anonn

    That 3.2 percent shift is probably down to jobs, “deals gone bad,” and “knife catchers” notwithstanding.

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