Is The Housing Market Hitting The Rich?

Justin MillerForeclosure, Jumbo Mortgages

It certainly seems to be according to the 2 articles below.  The first article talks about Jumbo Loan delinquencies and the second about how their stocks are down and they rely on equities. 

 

http://online.wsj.com/article/SB123335694204035027.html?mod=todays_us_money_and_investing

 

http://finance.yahoo.com/news/HighEnd-Housing-Market-cnbc-14235694.html