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U.S. Thrift Industry Continues to See Improvement
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U.S. Thrift Industry Continues to See Improvement
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
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Receive Multiple Offers. Save Money.
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U.S. Thrift Industry Continues to See Improvement
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May 31, 2011 (Jeff Alan)

The nation’s thrift and loan industry reported continued improved profitability according to the Office of Thrift Supervision (OTS) as the industry recorded its seventh consecutive quarter of profits.

With posted profits of $1.4 billion in the first quarter of 2011, and with troubled assets continuing to decline and thrifts setting aside less funds for loan losses, OTS sees this as a signal that the housing industry is stabilizing and recovering from the housing market downturn and subsequent economic crisis.

“Although the economic recovery is uneven and housing markets remain fragile in many communities across the country, we are seeing some stability in the thrift industry,” said OTS Acting Director John E. Bowman. “I am increasingly optimistic that the worst is behind us.”

Profitability, as measured by return on average assets, was down from 0.69 percent in the previous quarter to 0.6 percent in the first quarter of 2011, and was down from 0.73 percent in the first quarter a year earlier. By the end of the first quarter, 91.2 percent of the industry was considered “well-capitalized” with 11 thrifts less than adequately capitalized.

Troubled assets (noncurrent loans and repossessed assets) continued to decline to 3.09 percent of assets at the end of the first quarter, down from 3.26 percent at the end of the previous quarter and 3.28 percent one year earlier.

The industry added $1.68 billion to loan loss provisions in the first quarter, or 0.73 percent of average assets, which was down from 1.05 percent from the previous quarter and 1.19 percent from the first quarter in 2010.

At the end of the first quarter, the OTS supervised 724 thrift institutions with assets of $930.2 billion, as well as 440 holding company enterprises with approximately $4.2 trillion in U.S. domiciled consolidated assets.

Tags: thrift and loan, Office of Thrift Supervision, OTS, troubled assets, loan losses, housing market downturn, economic recovery, thrifts, well-capitalized, non-current loans, repossessed assets

Source:
OTS

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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.
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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.
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May 31, 2011 (Jeff Alan)

The nation’s thrift and loan industry reported continued improved profitability according to the Office of Thrift Supervision (OTS) as the industry recorded its seventh consecutive quarter of profits.

With posted profits of $1.4 billion in the first quarter of 2011, and with troubled assets continuing to decline and thrifts setting aside less funds for loan losses, OTS sees this as a signal that the housing industry is stabilizing and recovering from the housing market downturn and subsequent economic crisis.

“Although the economic recovery is uneven and housing markets remain fragile in many communities across the country, we are seeing some stability in the thrift industry,” said OTS Acting Director John E. Bowman. “I am increasingly optimistic that the worst is behind us.”

Profitability, as measured by return on average assets, was down from 0.69 percent in the previous quarter to 0.6 percent in the first quarter of 2011, and was down from 0.73 percent in the first quarter a year earlier. By the end of the first quarter, 91.2 percent of the industry was considered “well-capitalized” with 11 thrifts less than adequately capitalized.

Troubled assets (noncurrent loans and repossessed assets) continued to decline to 3.09 percent of assets at the end of the first quarter, down from 3.26 percent at the end of the previous quarter and 3.28 percent one year earlier.

The industry added $1.68 billion to loan loss provisions in the first quarter, or 0.73 percent of average assets, which was down from 1.05 percent from the previous quarter and 1.19 percent from the first quarter in 2010.

At the end of the first quarter, the OTS supervised 724 thrift institutions with assets of $930.2 billion, as well as 440 holding company enterprises with approximately $4.2 trillion in U.S. domiciled consolidated assets.

Tags: thrift and loan, Office of Thrift Supervision, OTS, troubled assets, loan losses, housing market downturn, economic recovery, thrifts, well-capitalized, non-current loans, repossessed assets

Source:
OTS

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.

May 31, 2011 (Jeff Alan)

The nation’s thrift and loan industry reported continued improved profitability according to the Office of Thrift Supervision (OTS) as the industry recorded its seventh consecutive quarter of profits.

With posted profits of $1.4 billion in the first quarter of 2011, and with troubled assets continuing to decline and thrifts setting aside less funds for loan losses, OTS sees this as a signal that the housing industry is stabilizing and recovering from the housing market downturn and subsequent economic crisis.

“Although the economic recovery is uneven and housing markets remain fragile in many communities across the country, we are seeing some stability in the thrift industry,” said OTS Acting Director John E. Bowman. “I am increasingly optimistic that the worst is behind us.”

Profitability, as measured by return on average assets, was down from 0.69 percent in the previous quarter to 0.6 percent in the first quarter of 2011, and was down from 0.73 percent in the first quarter a year earlier. By the end of the first quarter, 91.2 percent of the industry was considered “well-capitalized” with 11 thrifts less than adequately capitalized.

Troubled assets (noncurrent loans and repossessed assets) continued to decline to 3.09 percent of assets at the end of the first quarter, down from 3.26 percent at the end of the previous quarter and 3.28 percent one year earlier.

The industry added $1.68 billion to loan loss provisions in the first quarter, or 0.73 percent of average assets, which was down from 1.05 percent from the previous quarter and 1.19 percent from the first quarter in 2010.

At the end of the first quarter, the OTS supervised 724 thrift institutions with assets of $930.2 billion, as well as 440 holding company enterprises with approximately $4.2 trillion in U.S. domiciled consolidated assets.

Tags: thrift and loan, Office of Thrift Supervision, OTS, troubled assets, loan losses, housing market downturn, economic recovery, thrifts, well-capitalized, non-current loans, repossessed assets

Source:
OTS

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.