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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: patron_anejo_por_favor who wrote (60075)5/2/2006 9:21:37 AM
From: orkrious  Read Replies (2) of 110194
 
From LEND's earnings release:

biz.yahoo.com

Loans on-balance sheet reached $9.5 billion at March 31, 2006, an increase of $2.2 billion, or 30.0%, from March 31, 2005....Delinquent loans (30 or more days past due, including foreclosures and real estate owned) were 2.85% of the serviced portfolio at March 31, 2006, compared to 2.47% at December 31, 2005 and 1.72% at March 31, 2005. Delinquency levels remain within management's expectations and continue to be substantially below published industry averages.

These guys are gonna get hosed.
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