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Friday, January 06, 2012

Over-extended

Today's interesting factoids from our database guy:
Currently, there are roughly 16,800 FRNs extended for 2010-2011.  Out of a total of 134,000 FRNs total in 2010-2011, of which 118,000 are funded.  So over 14% of funded FRNs are extended at the moment.

Does that seem like a system that's working?

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