November remittance reports showed continuing performance deterioration, which was largely expected by Street analysts, though still dramatic.

For instance, the reports indicated that monthly aggregate 60+ day delinquencies rose by 25 basis points, 36 basis points, 172 basis points, and 139 basis points for series 06-1, 06-2, 07-1, and 07-2, respectively. Last month's increases were one basis point, 59 basis points, 178 basis points, and 142 basis points.

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