twitter linkedin
facebook google+
Search:

Mortgage News

News by Subject
Complete list of specialty news sections.

Purchase Subscription
Subscribe to MortgageDaily.com 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 MortgageDaily.com.

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

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

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

Press Releases
Reports and announcements from MortgageDaily.com.

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

production

servicing

compliance

legal

fraud

secondary

jobs

appraisal

site map

www.loan-academy.com/
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 Performance Improves

FDIC quarter profile

Sept. 1, 2010

By MortgageDaily.com staff


Over the past year, banks and thrifts have reduced their mortgage holdings and improved their earnings. More recently, the number of bank employees rose -- though so did the number of troubled institutions.

Banks owned $1.8743 trillion in residential mortgages in the second quarter, trimming their holdings from $1.8876 trillion in the previous quarter. At the same time last year, home-loan assets were $2.0125 trillion.

The statistics were included in the Federal Deposit Insurance Corp.'s Quarterly Banking Profile for the second-quarter 2010.

Home-equity lines-of-credit closed out the quarter at $0.6545 trillion, lower than $0.6599 trillion three months earlier and $0.6729 trillion a year earlier.

Nonfarm commercial mortgage holdings were $1.0810 trillion, edging down from $1.0906 trillion in March. Commercial real estate assets were $1.0865 trillion a year ago.

Construction-and-development loans on the collective balance sheet were $0.3833 trillion at the end of the second quarter, falling from the first quarter's $0.4180 trillion and $0.5357 trillion in the second quarter of last year.

Residential delinquency of at least 30 days was 12.54 percent. The rate reflected 2.79 percent in loans delinquent between 30 and 90 days and 9.75 percent in loans delinquent at least 90 days.

Home-equity loan delinquency was 2.87 percent, commercial mortgage lates were 5.42 percent and the 30-day rate on multifamily loans was 5.22 percent. C&D delinquency was 19.23 percent.

On overall bank loan assets, delinquency of at least 90 days fell 4.8 percent -- the first quarterly decline since the beginning of 2006.

Quarterly earnings for the sector were $21.6 billion. Banks lost $4.4 billion in the same period last year.

Net charge-offs were $49 billion, an 0.4 percent decline from a year earlier and the first year-over-year decline since the fourth quarter 2006.

The FDIC said no new bank charters were added during the latest period, and the number of reporting institutions was down to 7,830 from 7,934. It was the first time in nearly a decade that the number of institutions declined by more than a hundred. Bank count tumbled from 8,195 in the second-quarter 2009.

Of the latest count, 745 institutions had a concentration of mortgage loans, including 195 commercial banks and 550 savings institutions.

Problem institutions increased to 829 in the second quarter from 775 three months earlier.

Headcount at FDIC-insured banks finished June at 2,033,662, higher than 2,027,247 at the end of March. Financial institutions employed 2,093,066 people a year ago.

next story

back to current headlines

Bank news

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.


Logout forgot
password?

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

MBS

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