There’s some good news coming out of the non-agency MBS universe, as the latest data from Fitch Ratings show that delinquencies for Alt A and subprime securities declined again last month. Alt A MBS delinquencies dropped from 34.1 percent in April to 33.9 percent in May, the second month-over-month decline since April 2006, Fitch said. Two states, California and Florida...