Credit Quality Monitor: September 2010

As with the economy in general, improvement in the credit environment continues, but credit indicators are mixed and the situation remains challenging. The overall loan delinquency rate fell in the second quarter, with all loan types seeing declines from the prior quarter. Some delinquency rates are even down from the prior year, most notably for credit cards. While residential delinquency rates … As with the economy in general, improvement in the credit environment continues, but credit indicators are mixed and the situation remains challenging. The overall loan delinquency rate fell in the second quarter, with all loan types seeing declines from the prior quarter. Some delinquency rates are even down from the prior year, most notably for credit cards. While residential delinquency rates remain far above year-ago levels, the year-over-year difference has come down markedly. Even the much beleaguered commercial real estate sector saw a decline in delinquency rates. Thank you for your interest in Wells Fargo’s Economic Commentary by email. You are receiving this message because you have requested Economic Commentary information and updates sent via email. If you no longer wish to receive these emails, please click on the following link to access the Economic Commentary by email registration page: http://www.wellsfargo.com/economicsemail.

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