Tuesday, August 18, 2009
July Capital One Charge-Offs And Delinquencies Worse Across The Board
Capital One just released its charge off data: the improvement that some had seen in the June data has promptly been erased and metrics are trending negative again. The net annualized charge-off rate increased to 9.83% in July from 9/73% in June. The 30 days + delinquency rate also went up to 4.83% from 4.77%. However, the worst deterioration was in Auto Finance Metrics, the annualized charge off rate increasing by over a third percent to 4.26% from 3.89%, and the 30 Days + delinquency rate moved north of 9 to 9.22% from 8.89%.
The middle peak of the W in charge off-data seems to have been reached...
Zero Hedge: July Capital One Charge-Offs And Delinquencies Worse Across The Board
The middle peak of the W in charge off-data seems to have been reached...
Zero Hedge: July Capital One Charge-Offs And Delinquencies Worse Across The Board
Permalink posted by markw @ 4:54 AM 
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