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
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.

Bank Earnings, Delinquency Higher

$7.6 billion Q1 earnings at FDIC-insured institutions

May 27, 2009

By staff

Quarterly earnings increased at institutions insured by the Federal Deposit Insurance Corporation. But so did delinquency.

Total assets at FDIC-insured institutions were $13.542 trillion on March 31, lower than $13.843 trillion on Dec. 31 but higher than $13.369 trillion a year earlier, according to the Quarterly Bank Profile for the first-quarter 2009 released today.

Assets included $2.045 trillion in residential mortgages, $0.674 trillion in home-equity lines-of-credit and $0.210 trillion in multifamily financing. Construction and development loans outstanding ended the period at $0.567 trillion.

Delinquency of at least 30 days was 9.11 percent on residential loans as of March 31, soaring from 7.91 percent in the fourth quarter. Home-equity loan delinquency increased to 3.53 percent from 3.39 percent, and multifamily lates rose to 3.82 percent from the fourth quarter's 2.92 percent.

"As I see it, we're now in the cleanup phase for the banking industry," FDIC Chairman Sheila C. Bair said in the report. "It will take some more time. But in the end, we'll have a stronger banking industry that's better able to meet the demand for credit as the economy recovers."

The FDIC insured 8,246 banks and thrifts in the first quarter, down from 8,305 three months earlier. A year earlier, 8,484 banks were insured. The latest count included 836 firms that had asset concentrations in residential mortgages of more than 50 percent.

FDIC-insured banks earned an aggregate of $7.6 billion in the first quarter, improving from revised fourth-quarter losses of $32.1 billion but worse than a revised $19.3 billion profit a year prior.

The FDIC said earnings were the highest of the past four quarters.

Income at just institutions with a majority concentration of mortgage assets was $1.4 billion. Nearly 22 percent of all institutions were unprofitable.

There were 21 FDIC-insured institutions that failed in the first quarter, "the largest number of failed institutions in a quarter since the fourth quarter of 1992." The number of institutions on the FDIC’s problem list increased to 305 from 252.

Aggregate headcount at U.S. banks was 2,114,527, down from the fourth quarter's 2,151,758.

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.

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