The June ABX remittance report showed that while loss severities and delinquency rates are improving, CDRs and modification rates saw a slight increase, as reported by Bank of America Merrill Lynch analysts.                                                                                                       

According to the month's remittance report, across the four indices, CDR rates had a mixed showing. While rates came in at generally flat for the 06-1, 07-1, and 07-2 indices, with decreases of -0.1, -0.6, and -0.3 points respectively, 06-2 rose 1.6 points to hit 12.4% .Default rates have been roughly flat, although volatile, since October and from when foreclosure issues emerged.

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