Abstract: Growth in delinquencies for U.S. prime jumbo residential mortgage-backed securities (RMBS) transactions originally rated in 2005 and 2006 leveled off somewhat as of the August 2008 distribution date, and delinquencies declined slightly for the 2007 vintage. Total delinquencies were 3.50%, 4.57%, and 3.11% of the current aggregate pool balances for the 2005, 2006, and 2007 vintages, respectively. Compared with the July 2008 distribution date, these figures were up roughly 3.6% for the 2005 vintage and 2.2% for the 2006 vintage, and they were down 3.4% for the 2007 vintage. Serious delinquencies (90-plus days, foreclosures, and real estate owned {REO}) have followed the same pattern since the last distribution date. As of the August 2008 distribution date, serious delinquencies for the

Brief Excerpt: RESEARCH Ratings Definitions U.S. Prime Jumbo RMBS Performance Update: August 2008 Distribution Date Publication date: 30-Sep-2008 Primary Credit Analysts: Robert B Pollsen, New York (1) 212-438-2577; robert_pollsen@standardandpoors.com...

Report Type: Commentary
Sector: Asset-Backed Commercial Paper, Asset-Backed Securities, Collateralized Debt Obligations, Commercial MBS, Real Estate Companies, Residential MBS, Servicer Evaluations, Structured Finance
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