In the first quarter of 2013, rising house prices and relatively low interest rates helped improve the outlook for the riskiest tranches of residential mortgage-backed securities, according to CoreLogic’s bond tracker.

The bond tracker is a RMBS assessment service that monitors more than 30,000 bonds backed by seasoned non-agency Alt-A, subprime, pay-option ARM and jumbo prime loans. The tracker provides a quarterly assessment of their credit quality and outlook.    

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