The two loan categories that comprise the largest shares of total net charge-offs
are consumer loans and real estate loans.
Movements in the Retail Index also exhibited the same trends found in the Prime and Subprime Indices for charge-offs
and one month excess spread.
When asked about current trends, Boehm said: "It is not that there are so many more charge-offs
in the industry today than in previous years, but we are gaining more business because our company is becoming better known, and our service better understood.
In an interview with Credit Union Times, Becker stressed that Trans Union was not arguing that charge-offs
had played no role in the balance decline, just that they were not the only factor.
Global Banking News-16 June 2010-Bank of America reports drop in charge-offs
in May(C)2010 ENPublishing - http://www.
Banks increased loss provisions more than net charge-offs
and ended the year with somewhat higher loan loss reserves (chart 2).
With the decline in nonperforming assets and delinquencies, Fitch expects net charge-offs
to remain close to current levels.
Pro forma net charge-offs
as a percentage of average receivables[sup.
The Callahan data shows that FirstLook credit unions posted a second quarterly decline in both delinquency and charge-offs
for the first time since 2006.
In August, bank-issued credit card charge-offs
climbed 81bps compared to 31bps in July.
less recoveries as a percentage of total loans) and past due rates (loans past due 90 days or more and nonaccruing loans as a percentage of total loans) are calculated for the nonbank subsidiaries engaged in commercial finance, mortgage banking, consumer finance, and leasing that reported values of more than zero for loans and leases.
that collection agencies cannot collect turns worthless assets into immediate cash and profits, and for forward flow arrangements, selling charge-offs
becomes a budget line item of revenue that the seller can count on," Boehm reports.