Jumbo Foreclosures Continue to rise.

Foreclosures on Jumbo loans continues to rise. The high end home market has a ways to go before it stabilizes.

Foreclosure rates on prime jumbo loans, surpassed the 2.98% average for all loan types in July, and continue to rise faster than any other loan type. Prime jumbo foreclosure rates are up a staggering 634% versus January 2008 levels, according to LPS Applied Analytics. And other figures show that Alt-A loan problems could stabilize in the coming months.