twitter linkedin
facebook google+

Mortgage News

News by Subject
Complete list of specialty news sections.

Purchase Subscription
Subscribe to and get immediate access to all news, statistics and archives.

Mortgage Advertising
Reach mortgage executives, loan originators and other people tied to mortgage industry.

Consumer Mortgage News
Free mortgage news for prospective borrowers.

Mortgage Newsletter
Free e-mail newsletter with the latest headlines from

Mortgage News Reprints
Put entire stories in your online or printed newsletter or publication.

Mortgage Feedget RSS code
Condensed stories free on your Web site or for your RSS reader.

News Archives
Archive of stories by month going back to 1999.

Press Releases
Reports and announcements from

Mortgage Statistics
Data and statistics for real estate finance.

Mortgage Directories
Directories of lenders, branch operators and mortgage service providers.

Mortgage Graphs
Directories of lenders, branch operators and mortgage service providers.

home subscribe advertise reprints e-mail help RSS about us LOG IN

Mortgage News


Mortgage News

HOT Topics









site map
Bank news

Employment and HEL Delinquency Up at Banks

Bank earnings off in Q2

Aug. 28, 2012

By staff

Delinquency on home-equity loans owned by banks has been deteriorating, though other residential delinquency was lower. Despite a decline in the number of active financial institutions, staffing in the sector has expanded.

Loans owned by federally insured banks and secured by one- to four-unit residential properties grew to $1.8753 trillion in the second quarter from $1.8588 trillion three months earlier. Bank holdings have also expanded from the second-quarter 2011, when the total was $1.8311 trillion.

Delinquency of at least 30 days on "other 1-4 family residential" loans was 11.61 percent, lower than 11.77 percent in the first quarter. Delinquency was also down from 11.82 percent in the second quarter 2011.

The statistics were determined from second-quarter data on banks insured by the Federal Deposit Insurance Corp.

Also on their books were $0.5802 trillion in home-equity lines of credit. HELOC holdings were trimmed from $0.5904 trillion and have been pared from $0.6153 trillion in the same quarter of last year.

Delinquency on home-equity loans climbed to 3.53 percent from the first quarter's 2.98 percent and the second-quarter 2011's 2.85 percent.

Second-quarter net income at federally insured banks was $34.5 billion, off from $35.3 billion earned in the first quarter but better than $28.5 billion earned in the same period last year. It was the 12th consecutive year-over-year increase in bank earnings.

FDIC Acting Chairman Martin J. Gruenberg said that the bank sector continued to make gradual but steady progress toward recovery.

"Strong business loan growth and aggressive cost controls are helping banks maintain earnings despite a challenging economic environment," the American Bankers Association said of the second quarter numbers. "At the same time, knowledge that interest rates will remain low for years means businesses feel no urgency to borrow. Ultimately, the pace of the economy will determine whether businesses decide to expand operations and how quickly banks’ core lending business will return."

U.S. banks employed 2,108,200 people as of June 30, a few thousand more than the 2,102,280 employees as of March 31. Bank staffing stood at 2,106,615 at the same point in 2011.

There were 7,246 financial institutions insured by the FDIC. In the prior quarter, 7,308 banks were insured, while the count was 7,513 in the same quarter during the prior year.

The most recent number reflected 6,222 commercial banks and 1,024 savings institutions. The primary asset concentration group was "mortgage lenders" at 712 banks.

Year-to-date FDIC bank failures total 31 banks. In the second quarter, 732 banks with $282 billion in assets were classified as "problem institutions."

next story

back to current headlines

Financial Regulation News | Mortgage Regulations
Bank and mortgage regulators, regulations and regulatory actions. Coverage of regulatory legislation and testimony.
Corporate Mortgage News
M e r g e r s, a c q u i s i t i o n s and private and public offerings. Other corporate activity including executive appointments, bankruptcies name changes.

Servicing News | Servicer Ranking | Delinquency Statistics
Stories about mortgage servicers, delinquency and f o r e c l o s u r e s. Coverage of servicing lawsuits and loan servicing technology.

Mortgage Employment News | Employment Index | Employment Statistics
Job additions, layoffs and employment lawsuits. Employment data from the Department of Labor, state tracking, reports and analysis. Job finding tips.

Logout forgot

SUBSCRIBERS: Edit Subscription | Subscription Help | or call 214.521.1300

Subscribe Contact Us Site Map

Copyright © 2017 Mortgage Daily, D a l l a s
Subsribers Only:

AMC directory

ARM indexes

mortgage company directory

mortgage regulations

net branch directory

p r i c i n g engine directory

wholesale lender directory

More Mortgage News Resources (full site map):

advertising news

appraisal news

bank news

biggest lenders

commercial mortgage news

corporate mortgage news

credit news

FHA news

financial regulation news

foreclosure news

GSE news

jumbo mortgage news

interest rates

loan modification news

loan originator survey

LOS Newsletter


mortgage associations

mortgage-backed securities

mortgage books

mortgage brokers

mortgage compliance

mortgage conferences

mortgage directories

mortgage education

mortgage employment

mortgage employment index

mortgage executives

mortgage fraud

mortgage fraud blog

mortgage fraud local news

Mortgage Fraud Index

Mortgage Graveyard

mortgage insurance news

mortgage lawsuits

mortgage leads

mortgage lender ranking

mortgage licenses

mortgage litigation

Mortgage Litigation Index

Mortgage Market Index

mortgage mergers

mortgage news

mortgage politics

mortgage press releases

mortgage production

mortgage public relations

mortgage rates

mortgage servicing

mortgage statistics

mortgage technology

mortgage video

mortgage Webinars

net branch

net branch directory

nonprime news

origination news

originator tools

real estate news

refinance news

reverse mortgage news

secondary marketing

social media

servicing news

subprime news

wholesale lenders