April remittance reports reflecting March's collection period showed improved early-stage delinquencies, faster liquidation speeds, as well as higher loss severities, according to a report by Barclays Capital.

Barclays said that default rates increased considerably in April. CDRs are now at 26.9, 27.7, 23.0, and 22.6 for the four indices, which is an absolute rise of 560 basis points, 450 basis points, 300 basis points, and 320 basis points compared with the previous month.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.