Jumbo loan defaults rise at fast pace as rich suffer

Luxury homeowners are falling behind on mortgage payments at the fastest pace in more than 15 years, a sign the U.S. financial crisis that began with the poorest Americans has reached the wealthiest. About 2.57 percent of prime borrowers who took out jumbo loans last year were at least 60 days delinquent, according to LPS Applied ...

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Jumbo loan defaults rise at fast pace as rich suffer

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