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C » Topics » second mortgages, as well as an increase in bankruptcy filings over unusually low filing levels experienced in the first half of 2006. The net credit loss ratio increased 9 basis points to 1.27%This excerpt taken from the C 10-Q filed Aug 3, 2007. second mortgages, as
well as an increase in bankruptcy filings over unusually low filing levels
experienced in the first half of 2006.
The net credit loss ratio increased 9 basis points to 1.27%.
The Net income decline in 2007 also reflects the absence of a $175 million tax benefit resulting from the resolution of the Federal Tax Audit from the first quarter of 2006.
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