AUTOREFRESH 
Share prices sinking late in the session
By Jamie Coleman || February 8, 2010 at 20:24 GMT
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With a bit over 30 minutes left to trade, US equities have turned lower and now trade down about 0.5%. EUR/USD has traded with a heavy tone for much of the afternoon with leveraged accounts selling once we slipped back below the 1.3700 level. We trade now at 1.3665, consolidating last week’s losses.
Jumbo Mortgage ‘Serious Delinquencies’ Rise to 9.6%
U.S. prime jumbo mortgages at least 60 days late backing securities reached 9.6 percent in January from 9.2 percent in December, the 32nd straight increase for “serious delinquencies,” according to Fitch Ratings. Jumbo home loans are larger than government-supported mortgage companies Fannie Mae or Freddie Mac can finance. Their limits now range from $417,000 in most places to as much as $729,750 in high-cost areas. Loans in jumbo securities can be smaller than those amounts if they were issued in earlier years. Non-agency mortgage securities lack guarantees from Fannie Mae, Freddie Mac or federal agency Ginnie Mae.
http://www.bloomberg.com/apps/news?pid=20601206&sid=aSmlkGHASRZ8