The default rates rose for each of the indices this month, which were at 15.7%, 13.5%, 14.3%, and 12.2% CDR for the 06-1 through 07-2 indices, reported Bank of America Merrill Lynch analysts. This represents changes of 7.3, 3.6, 4.5, and 2.7 points, respectively.

The increase in liquidations was caused by several transactions, particularly from shelves such as Bear Stearns Asset Backed Securities, Carrington Mortgage Loan Trust, Residential Asset Securities Corp., Residential Asset Mortgage Products, and Securitized Asset-Backed Receivables, analysts said.

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