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America’s Thrifts Continue to Stabilize
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You're Now Reading:
America’s Thrifts Continue to Stabilize
The Easy Way to Shop For a Mortgage Loan
Fill Out One Questionnare
Receive Multiple Offers. Save Money.
The Easy Way to Shop For a Mortgage Loan
Fill Out One Questionnare
Receive Multiple Offers. Save Money.
You're Now Reading:
America’s Thrifts Continue to Stabilize
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December 6 2010 (Chris Moore)
OTS-sign
Banks and mortgage lenders have garnered most of the attention during the housing crisis, but America’s Thrift and Loans have seen their share hard times as well. In a report released by the Office of Thrift Supervision (OTS) on Friday, the thrift industry posted profits of $1.77 billion, marking the fifth consecutive quarter of profitability after losses from the fourth quarter of 2007 through the first half of 2009.

Third quarter 2010 profits were up from $1.49 billion in the previous quarter and from $1.24 billion in the third quarter of 2009.
Thrifts differ from banks in that they are required by law to have at least 65 percent of their lending in mortgages and other consumer loans. That has made them especially vulnerable to the housing slump and high unemployment.

By comparison, banks earned $14.5 billion in the July-September period, a hefty increase from $2 billion in the third quarter of 2009, the FDIC said.

The number of “problem” thrifts remained high at 53, compared with 54 three months earlier. That’s a result of continued pressures from soured loans, high unemployment and weakness in the housing and commercial real estate markets.

“The performance of our nation’s thrift industry in the third quarter was mixed,” observed OTS Acting Director John E. Bowman. “The industry’s profitability was encouraging, but other indicators reminded us that economic stresses – particularly from unemployment – continued to take a toll.”

Troubled assets (noncurrent loans and repossessed assets) were 3.45 percent of assets at the end of the third quarter, up from 3.35 percent at the end of the previous quarter, but down from 3.65 percent one year earlier.

At the end of the third quarter, the OTS supervised 741 thrift institutions with assets of $927.9 billion, as well as 436 holding company enterprises with approximately $4.2 trillion in U.S. domiciled consolidated assets. At the end of the previous quarter, the OTS supervised 753 thrift institutions with assets of $931.1 billion.

Tags: OTS, thrift and loans, profitability, problem thrifts, troubled assets, thrift industry, mortgages, consumer loans, housing slump

FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at MortgageLoanRateUpdate and the offers you have received, you've found the right product and the best rate.
HOW
MORTGAGELOANRATEUPDATE
WORKS
Whether you're looking to refinance your current loan, purchasing a new home or looking for a home equity loan, we make it easy at Mortgageloanrateupdate. Our questionnaire is simple and quick to use and your information is safely transmitted to us with SSL encryption. With just two minutes of your time, you could have multiple lenders competing for your business which could save you thousands.
ADVANTAGES OF USING
MORTGAGELOANRATEUPDATE
FAST & EASY. DATA ENCRYPTED
Applying to multiple lenders is fast and easy with our one simple questionnaire. Choose the product you’re looking for, take a few moments to answer a few questions and you’re on your way to saving.
NO OBLIGATION. NO HIDDEN FEES
Any of the services on our website are 100% free, there is no obligation to use our services or any hidden fees. We’re not loan brokers so we don’t charge broker fees like other websites.
NO SSN OR CREDIT CHECK
No SSN or credit check is necessary to use our services. We bring lenders to you so they can compete for your business and you save. That information only becomes necessary after you choose a lender.
Home Buying
Tips
Home Selling
Tips
About
Mortgages
Mortgage
Calculator
Mortgage
Rates

December 6 2010 (Chris Moore)
OTS-sign
Banks and mortgage lenders have garnered most of the attention during the housing crisis, but America’s Thrift and Loans have seen their share hard times as well. In a report released by the Office of Thrift Supervision (OTS) on Friday, the thrift industry posted profits of $1.77 billion, marking the fifth consecutive quarter of profitability after losses from the fourth quarter of 2007 through the first half of 2009.

Third quarter 2010 profits were up from $1.49 billion in the previous quarter and from $1.24 billion in the third quarter of 2009.
Thrifts differ from banks in that they are required by law to have at least 65 percent of their lending in mortgages and other consumer loans. That has made them especially vulnerable to the housing slump and high unemployment.

By comparison, banks earned $14.5 billion in the July-September period, a hefty increase from $2 billion in the third quarter of 2009, the FDIC said.

The number of “problem” thrifts remained high at 53, compared with 54 three months earlier. That’s a result of continued pressures from soured loans, high unemployment and weakness in the housing and commercial real estate markets.

“The performance of our nation’s thrift industry in the third quarter was mixed,” observed OTS Acting Director John E. Bowman. “The industry’s profitability was encouraging, but other indicators reminded us that economic stresses – particularly from unemployment – continued to take a toll.”

Troubled assets (noncurrent loans and repossessed assets) were 3.45 percent of assets at the end of the third quarter, up from 3.35 percent at the end of the previous quarter, but down from 3.65 percent one year earlier.

At the end of the third quarter, the OTS supervised 741 thrift institutions with assets of $927.9 billion, as well as 436 holding company enterprises with approximately $4.2 trillion in U.S. domiciled consolidated assets. At the end of the previous quarter, the OTS supervised 753 thrift institutions with assets of $931.1 billion.

Tags: OTS, thrift and loans, profitability, problem thrifts, troubled assets, thrift industry, mortgages, consumer loans, housing slump

FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at LoanRateUpdate and the offers you have received, you've found the right product and the best rate.
HOW
MORTGAGELOANRATEUPDATE
WORKS
Whether you're looking to refinance your current loan, purchasing a new home or looking for a home equity loan, we make it easy at MortgageLoanRateUpdate. Our questionnaire is simple and quick to use and your information is safely transmitted to us with SSL encryption. With just two minutes of your time, you could have multiple lenders competing for your business which could save you thousands.
ADVANTAGES OF USING
MORTGAGELOANRATEUPDATE
FAST & EASY. DATA ENCRYPTED
Applying to multiple lenders is fast and easy with our one simple questionnaire. Choose the product you’re looking for, take a few moments to answer a few questions and you’re on your way to saving.
NO OBLIGATION. NO HIDDEN FEES
Any of the services on our website are 100% free, there is no obligation to use our services or any hidden fees. We’re not loan brokers so we don’t charge broker fees like other websites.
NO SSN OR CREDIT CHECK
No SSN or credit check is necessary to use our services. We bring lenders to you so they can compete for your business and you save. That information only becomes necessary after you choose a lender.

December 6 2010 (Chris Moore)
OTS-sign
Banks and mortgage lenders have garnered most of the attention during the housing crisis, but America’s Thrift and Loans have seen their share hard times as well. In a report released by the Office of Thrift Supervision (OTS) on Friday, the thrift industry posted profits of $1.77 billion, marking the fifth consecutive quarter of profitability after losses from the fourth quarter of 2007 through the first half of 2009.

Third quarter 2010 profits were up from $1.49 billion in the previous quarter and from $1.24 billion in the third quarter of 2009.
Thrifts differ from banks in that they are required by law to have at least 65 percent of their lending in mortgages and other consumer loans. That has made them especially vulnerable to the housing slump and high unemployment.

By comparison, banks earned $14.5 billion in the July-September period, a hefty increase from $2 billion in the third quarter of 2009, the FDIC said.

The number of “problem” thrifts remained high at 53, compared with 54 three months earlier. That’s a result of continued pressures from soured loans, high unemployment and weakness in the housing and commercial real estate markets.

“The performance of our nation’s thrift industry in the third quarter was mixed,” observed OTS Acting Director John E. Bowman. “The industry’s profitability was encouraging, but other indicators reminded us that economic stresses – particularly from unemployment – continued to take a toll.”

Troubled assets (noncurrent loans and repossessed assets) were 3.45 percent of assets at the end of the third quarter, up from 3.35 percent at the end of the previous quarter, but down from 3.65 percent one year earlier.

At the end of the third quarter, the OTS supervised 741 thrift institutions with assets of $927.9 billion, as well as 436 holding company enterprises with approximately $4.2 trillion in U.S. domiciled consolidated assets. At the end of the previous quarter, the OTS supervised 753 thrift institutions with assets of $931.1 billion.

Tags: OTS, thrift and loans, profitability, problem thrifts, troubled assets, thrift industry, mortgages, consumer loans, housing slump

Home Buying Tips
Home Selling Tips
About
Mortgages
HOW
MORTGAGELOANRATEUPDATE
WORKS
FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at MortgageLoanRateUpdate and the offers you have received, you've found the right product and the best rate.
ADVANTAGES OF USING
MORTGAGELOANRATEUPDATE
FAST & EASY. DATA ENCRYPTED
Applying to multiple lenders is fast and easy with our one simple questionnaire. Choose the product you’re looking for, take a few moments to answer a few questions and you’re on your way to saving.
NO OBLIGATION. NO HIDDEN FEES
Any of the services on our website are 100% free, there is no obligation to use our services or any hidden fees. We’re not loan brokers so we don’t charge broker fees like other websites.
NO SSN OR CREDIT
CHECK
No SSN or credit check is necessary to use our services. We bring lenders to you so they can compete for your business and you save. That information only becomes necessary after you choose a lender.