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Moody’s Investors Service reported a number of recent downgrades to government mortgage-backed securities. Delinquency of at least 60 days on securitized government loans stands at around 36 percent for 2006 vintage RMBS. "Moody’s expects loss levels on FHA-VA pools to rise further as the general level of remaining delinquencies remain elevated and loss severities increase," the ratings agency said.
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