Relevant:
- Alt-A Performance Gets Much Worse in May
- Loan Modification Push Will Affect Securitized Mortgages: Fitch
- Mortgage applications surge 5.8 percent, as rates briefly dip (BUT LID STILL ON HIGHER-RATE MARKET)
- Severely Delinquent Mortgage Accounts up 15 Percent
- Countrywide Sees Production Drop 40 Percent in November; Delinquencies Jump
2008-05-28 — housingwire.com
"Despite an absolute dearth of ARM resets, the number of severely delinquent Alt-A borrower continues to grow, according to a report released late last week by Clayton Holdings, Inc. The number of troubled Alt-A borrowers in the 2007 vintage rose an eye-popping 26.5 percent from March to April alone, nearly reaching 17 percent of loan volume."
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