Delinquencies Peaked in the Gulf Coast Region as MBS Weath-ered the Storm
March 31, 2006
Delinquencies in the Gulf Coast region due to Hurricanes Katrina and Rita seem to have peaked and most residential and commercial mortgage-backed securities emerged unscathed, according to rating service analysts. The increase in delinquencies did not harm most MBS pools, as they were diversified, containing only a small percentage of loans in the disaster area. …