James Chessen Quotes

The industry is very sensitive to the fact that delinquencies have risen over the last two years. They have already taken steps to tighten underwriting standards -- to stop solicitations to risky customers.

- James Chessen

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Industry | Sensitive | Fact | Delinquencies | Risen |

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Continued strong economic growth and falling gas prices in the fourth quarter leaves me hopeful that delinquencies will continue to fall. - James Chessen

My concern is many people are having financial difficulties. Personal savings rates are down. There is less of a buffer to fall back on. - James Chessen

The full financial effect of Katrina is still unknown. It may be many months before its impact is reflected in the delinquency picture and will depend on the success of reconstruction efforts in those regions. - James Chessen