Delinquency rates rose while prepayment speeds slowed in August for home equity and jumbo mortgage loans that have been pooled into securities, according to a pair of reports from Moody's Investors Service.The composite delinquency rate on home equity securitizations continued to weaken, with the percentage of loans at least 60 days overdue rising to 15.2%, up from 14.2% in July. The foreclosure and chargeoff rates also rose. For jumbo mortgages in securities, the percentage of loans more than 60 days past due rose to 0.53%, up from 0.50% in July. Moody's said the cumulative prepayment rate declined in August for both home equity and jumbo mortgage securitizations. Moody's can be found online at http://www.moodys.com.
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