Investors holding DVI Inc. medical equipment lease ABS got their first bit of good news in roughly one year last week, as one of the most prominent lease obligors agreed to repay the $60 million it owes the trust. RadNet Management, the primary operating subsidiary of Primedex Inc. - which represented cashflows in each of the nine outstanding transactions - reported last Monday that it would repay its lease obligations at the previously agreed-upon terms.

Of the current $500 million in defaulted loans, replacement servicer US Bank identified $334 million being sought as collectable via restructuring, with an extra $100 million deemed collectable by legal means. About $2.6 million had been charged off. Of the $334 million US Bank is attempting to restructure, $145 million has been either restructured or resolved in a cash payment, the servicer told participants in a conference call held last week.

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