Items Tagged with 'Savings and loan crisis'

ARTICLES

  • Bank Failures and Losses Ahead in 2010

    After a hopeful holiday we are coming back to reality. Jobless numbers were up again, firms continue to economize on inventory, and while holiday retail sales at discounters rose, high-end stores either slowed or rose slightly from extremely low sales last year. Moreover, on Friday, January 8, bank failures resumed.
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  • Thrift Losses Narrow, Bad Assets Still a Drag

    In a day of mixed news for the thrift industry, the Office of Thrift Supervision (OTS) released a report showing losses at US thrifts narrowed significantly in Q109. But the regulator also reported the number of problem institutions climbed and the value of the industry's bad assets hit a record high. Thrifts reported a $47m loss in Q109, marking their best performance since September 2007, according to the OTS. During the quarter, 74% of savings and loan companies were profitable, up from 65% in Q408.
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  • Viewpoint: It's Déjà Vu, All Over Again

    The government's next set of gyrations over "bad assets" is about to unfold this coming week, and if the leaked details over at the New York Times this weekend are any indication of the reality about to be foisted upon us, we're all about to get a nasty case of déjà vu, all over again.
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  • The Mark-to-Market Babble Continues

    Either it’s the moon -- full today -- or the approach of a House Financial Services Committee hearing scheduled for Thursday, but the baying over “fair value” or “mark-to-market” accounting rules has really intensified in recent days.
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  • FDIC to Insure New Bank Debt, as Bailout Net Widens

    President Bush said Tuesday the Federal Deposit Insurance Corporation will temporarily insure new bank debts and non-interest-bearing deposits as part of an increasingly expanding plan to bolster the ailing U.S. banking system. The move is the latest attempt by regulators and administration officials to get money to flow more freely between banks.
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  • Thrifts Lose $5.4 Billion in Q2: Report

    The thrift industry posted a $5.4 billion loss for the second quarter of 2008, as institutions set aside record reserves for loan losses during the continued housing market downturn, the Office of Thrift Supervision said on Wednesday.
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  • Thrifts See Origination Volume Plummet in Q1

    Total mortgage origination activity among the nation's thrifts fell by 20 percent during the first quarter while troubled assets continued their rapid ascent, the Office of Thrift Supervision said Tuesday afternoon. Mortgage originations, including multifamily and nonresidential mortgages, were $133.7 billion in the first quarter, down 21 percent from $169.2 billion in the first quarter a year ago and down 20 percent from $166.6 billion in the prior quarter.
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