Still, we need several more months of data before we can start relying on «extend and pretend» to dispense with the problem through an extended period of chargeoffs and Fannie / Freddie bailouts. (hussmanfunds.com)
The biggest transformation occurred at B of A, where chargeoff rates peaked at a much higher level than at competitors, and where the proportion of loans to borrowers with FICO scores above 720 increased by 15 percentage points to 52 % during the time considered here. (americanbanker.com)
In terms of credit card performance, the strength of our risk management capabilities and the quality of our portfolio resulted in new historic lows for the 30 plus delinquency and net chargeoff rates... The 30 - plus [day] delinquency rate fell below 2 %, and our 90 - plus [day] delinquency rate fell to below 1 %. (businessinsider.com)