Despite the declining portfolio performance and recent wave of downgrades in DVI Inc. medical-equipment lease ABS, new servicer U.S. Bank Portfolio Services tried to quell investor concerns during a call last Tuesday. USBPS said it has assigned nearly 25 collectors to the project and is working closely with lease obligors to collect at least a portion of the funds owed.

USBPS also said it was close to either restructuring the contracts or collecting, at a slight discount, the funds owed by its four largest "relationship accounts," although the specific obligors were not disclosed.

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