Referencing Fannie Mae and Wells Fargo, Standard & Poor’s said Wednesday that the performance of the collateral behind residential mortgage-backed securities (RMBS) in the U.S. continued improving in November. This information was mined from December remittance reports.

The 30+ day delinquency rate for subprime securities shrank slightly, while other RMBS sectors were stable, according to S&P. Foreclosures fell across the board, however.

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