The June ABX remittance report showed constant default rates (CDRs) declining  between 1.1 to 2.7 points across the indices, according to Bank of America Merrill Lynch analysts.

Delinquencies continued to decline this month, with most of the improvement stemming from rates of 60+ bucket. The decline reflects slowing current-to-30 day transition rates and efforts to work through modifications, BofA said.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.