Defaults and losses in the manufactured housing sector increased for most vintages, while delinquencies were mixed and repossession levels improved for most vintages, according to a report by Credit Suisse First Boston.

Losses improved for the 1999 and 2000 vintages of Bombardier and increased 6% to 15% on a relative basis for the 1998 and 2001 vintages. For Green Tree Servicing, defaults increased for most vintages, in the range of 9% to 22% on a relative basis with the exception of the 1996 and 2002 vintages. GreenPoint Finance saw mixed losses, with improvements of up to 4% on a relative basis for the 1996, 1998 and 2001 vintages and increasing as much as 28% on a relative basis for the remaining vintages.

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