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AUGUST 27, 2008, 3:29 P.M. ET

Delinquencies, Losses Continue to Rise On Loans Backing Residential MBS

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more in Economy »

Delinquencies and losses on pools of loans backing U.S. residential mortgage-backed securities issued in 2006 and 2007 continued to weaken through the first half of the year, according to Moody's Investors Service.

The ratings agency said weaker collateral, declining home values, higher mortgage rates and reduced credit availability hurt the performance of both first- and second-lien loans originated ...