Wells' Imploding Loan Portfolio

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Tyler Durden

The fine folks over at WLMLab Bank Loan Performance have done a great job at updating FDIC loan data by various banks. Some of their conclusions:

• Total US Loans outstanding have dropped by another $110 billion QoQ
• Yet, there is an ever increasing mountain of charge offs coming in 1-4 Family First Liens
• At the same time CRE early stage delinquencies have dropped from 1.37% to 1.17%

Yet the most significant observations is the ticking time bomb that is Wells Fargo's 1-4 Family 90+ past due loans.

Wells' Imploding Loan Portfolio | zero hedge

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