December Collections Report

If a 150" flat panel isn't enough for you, how about some collections info...

This is part of my ongoing series monitoring collections efficiency (November's report for comparison). For a reminder on the methodology, I took a snapshot of the loans on Dec 1 and compared this to the same loans on Jan 1. The statistics are below.

Dec 1 Status	Total	Got Better	Stayed The Same	Got Worse
Paid	1808		1808 100.0%	0 0.0%
Payoff in progress	24	23 95.8%	0 0.0%	1 4.1%
Current	12172	150 1.2%	11647 95.6%	375 3.0%
Late	215	63 29.3%	33 15.3%	119 55.3%
1 month late	316	39 12.3%	34 10.7%	243 76.8%
2 months late	272	1 0.3%	7 2.5%	264 97.0%
3 months late	252	3 1.1%	7 2.7%	242 96.0%
4+ months late	822	2 0.2%	142 17.2%	678 82.4%

As previously noted, loans that improved their state or stayed the same require some kind of payment activity to maintain their position. The table below shows the percentage of loans that show signs of payment versus loan latenesses compared monthly.

Period	1 Month Late	2 Months	3 Months	4+ Months
Dec 2007	23.2%	3.0%	4.0%	0.2%
Nov 2007	20.3%	8.4%	6.1%	0.9%

Overall, the December numbers come out flat. The increase in collections for 1 Month Late loans were balanced by decreases for all other loan categories.