Cure Rates Plunge Among Prime RMBS, Fitch Says

From Moody’s: Moody’s Investors Service says that the prime 30-days plus arrears rate for Australian RMBS rose during Q4 2013 to 1.37% in December from 1.28% in September, mainly as a result.

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Cure Rates Plunge Among Prime RMBS, Fitch Says P osted on the Housing Wire by Diana Golobay: A slower cure rate among delinquent loans erased improvements in the number of loans rolling into delinquency status among US residential mortgage-backed securities (RMBS), according to Fitch Ratings .

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The 60-plus-day delinquency rate for US prime residential mortgage-backed securities (RMBS) rose in the 37th consecutive month in June, according to Fitch Ratings. The credit-rating agency noted the "seriously" delinquent rate – of 60 days or more – within prime jumbo RMBS rose to 10.4% in June, up from 10.3% in May and 6.4% at the same time last year.