by Calculated Risk on 4/04/2007 02:42:00 AM

From the WSJ: Payment Woes Worsen On Riskiest Mortgages (hat tip Jim R). A short excerpt:

For Alt-A loans -- a category between prime and subprime that includes many loans that don't require full documentation of the borrower's income or assets -- the late-payment figure rose to 2.6% in January from 2.3% in December and 1.3% in January 2006.

It's not just a subprime problem.