by Calculated Risk on 8/27/2008 03:56:00 PM

From the WSJ: Delinquencies, Losses Continue to Rise On Loans Backing Residential MBS

Delinquencies and losses on pools of loans backing U.S. residential mortgage-backed securities issued in 2006 and 2007 continued to weaken through the first half of the year, according to Moody's Investors Service. ... Deals backed by subprime, Alt-A and jumbo loans have all weakened compared with prior years. ... The agency is now reviewing for potential downgrade all jumbo transactions originated in 2006 and 2007.

Alt-A and Jumbo; the new subprime. Also the article describes the outlook for HELOC pools as "daunting".