Fitch Ratings has been calculating data on multiple areas of real estate to determine their delinquency status. Here they take a look at jumbo residential mortgage-backed securities or RMBS.

They have come to find that even more US jumbo loan borrowers are falling behind on their payments and on their way to foreclosure. Overall Fitch has found that the delinquency rate for December 2009 rose up to a whole 9.2%, that’s about three times the rate compared to the same time in 2008.

Thew five states that have the most jumbo loan delinquencies consist of California, Florida, New Jersey, New York, and Virginia.

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Moe Bedard
My name is Maurice "Moe" Bedard. I am the founder of America's #1 Mortgage Forum, My online work has been featured in the New York Times, LA Times, Fox Business, and many other media publications.