Reports "unreconciled" cash surplus, shortfall...

Collateral performance for the eight outstanding securitizations from DVI Inc. rebounded in the latest reporting period, following the previous month's servicing transfer to a unit of US Bancorp. Sixty-plus day delinquencies, reported last week to the Securities and Exchange Commission, showed significant declines - as much as 50% in some series - from the previous reporting period. But as previous months' delinquencies were charged off, a spike in losses was seen across all series. Additionally, the company reported what it dubbed "unreconciled" cash surplus/shortfalls, which was seen in the red within four of the series.

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