Banks and Investors Face 'Jumbo' Threat - WSJ.com

Banks and Investors Face 'Jumbo' Threat - WSJ.com:
"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 earlier. In comparison, delinquencies of non-jumbo prime loans that qualify for backing by government agencies climbed to 2.1% from 0.8% in December 2007."

All this gnashing of the teeth regarding sub-prime. The default rate sure looks higher for these fancy jumbos...