Jumbo ARM Deliquencies At 10.5% in August

Worrisome news in Moody's ResiLandscape report published Friday 9/17: "Jumbo delinquencies continue to rise rapidly, increasing to 10.5% in August 2009 from 2.7% a year ago for jumbo ARM pools issued in 2007." Also, "average loss severity has climbed to 45% as of August 2009 from 39% a year ago for 2007 vintage securitizations."