Weighted average delinquencies in nonconforming United Kingdom mortgage-backed securities were stable in January, according to Moody's Investors Service. Weighted average delinquencies during the month were 19.3%. This is stable in the short-term and compared to June 2009's high of 21%. "In total, the performance of the UK nonconforming transactions has stabilized in recent months. However, the delinquency levels remain very high, and the prepayment rates remain low," says Georgij Ludmirskij, a Moody's senior associate.
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