In the past few years the market has seen a considerable minority of borrowers who are behind on their 1st mortgage continue to pay their 2nd mortgage, according to Amherst Securities Group (ASG) analysts.

In a report released today, ASG analysts examined the behavior of borrowers who have two mortgages, where the first loan is in a private-label security (PLS). They did this by matching CoreLogic to Equifax data.

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