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The good news is the pace of loan deterioration is slowing. The bad news is we are still seeing record high delinquencies, and new delinquencies are outpacing loss mitigation efforts.
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In the past few weeks we've heard speculation and rumors that Applied Materials may try to to scale back or even sell its group that makes equipment for amorphous silicon solar panels. Tom Lacey, the general manager of the SunFab amorphous equipment line, and other SunFab execs have also recently resigned from the company.