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U.S. Thrift Industry Continues to See Improvement
HOW LOANRATEUPDATE WORKS
READ OUR DISCLOSURE
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.
READY TO SPEAK TO A PROFESSIONAL?
LOANRATEUPDATE IS NOT A LENDER OR A BROKER BUT WE HAVE LOTS OF FRIENDS WHO ARE
Pick the service you desire below
U.S. Thrift Industry Continues to See Improvement
HOW LOANRATEUPDATE WORKS
READ OUR DISCLOSURE
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.
LOANRATEUPDATE IS NOT A LENDER OR A BROKER BUT WE HAVE LOTS OF FRIENDS WHO ARE
Pick the service you desire below
U.S. Thrift Industry Continues to See Improvement

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

What's the four square system? How much is your trade-in really worth and why those payments really do seem a little higher than you thought.
There's both advantages and disadvantages to leasing and buying depending on what you're planning to use your car for and how long you plan on keeping it.
Sure that low interest dealer financing sounds really attractive but there's a price to be paid for that. We spill the beans as to why getting your own financing may save you money.
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Buying a home is a big decision. If you are not prepared, the decisions you make, the questions you don’t ask, and the details you miss could cost you thousands – in price, fees, financing, property issues, and home repairs.
Home loans can be confusing. There's a lot of options and we provide the information that makles it simple. Don't sign on that dotted line until you know. It could cost you.
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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

What's the four square system? How much is your trade-in really worth and why those payments really do seem a little higher than you thought.
There's both advantages and disadvantages to leasing and buying depending on what you're planning to use your car for and how long you plan on keeping it.
Sure that low interest dealer financing sounds really attractive but there's a price to be paid for that. We spill the beans as to why getting your own financing may save you money.
Buying a car at a dealership hasn't changed much through the years but doing your research on the internet can you save you a lot of time and most importantly, a lot of money.
THINKING OF BUYING
A NEW CAR?


WE GIVE YOU THE INSIDE TIPS THAT
COULD SAVE YOU THOUSANDS.
Calculate how much you can afford
BUYING OR SELLING A HOME
IS A BIG DECISION
WE MAKE IT EASIER
Buying a home is a big decision. If you are not prepared, the decisions you make, the questions you don’t ask, and the details you miss could cost you thousands – in price, fees, financing, property issues, and home repairs.
Home loans can be confusing. There's a lot of options and we provide the information that makles it simple. Don't sign on that dotted line until you know. It could cost you.
FIND THE CREDIT CARD THAT'S RIGHT FOR YOU
THERE'S A CREDIT CARD FOR VIRTUALLY ANY SITUATION. FIND YOURS.
YOU'VE WORKED HARD TO BUILD YOUR DREAM

LEARN ABOUT THE LOAN OPTIONS AVAILABLE TO EXPAND YOUR BUSINESS

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

THINKING OF BUYING
A NEW CAR?


WE GIVE YOU THE INSIDE TIPS THAT
COULD SAVE YOU THOUSANDS.
What's the four square system? How much is your trade-in really worth and why those payments really do seem a little higher than you thought.
There's both advantages and disadvantages to leasing and buying depending on what you're planning to use your car for and how long you plan on keeping it.
Sure that low interest dealer financing sounds really attractive but there's a price to be paid for that. We spill the beans as to why getting your own financing may save you money.
Buying a car at a dealership hasn't changed much through the years but doing your research on the internet can you save you a lot of time and most importantly, a lot of money.
Calculate how much you can afford
BUYING OR SELLING A HOME IS A BIG DECISION
WE MAKE IT EASIER
Buying a home is a big decision. If you are not prepared, the decisions you make, the questions you don’t ask, and the details you miss could cost you thousands – in price, fees, financing, property issues, and home repairs.
Home loans can be confusing. There's a lot of options and we provide the information that makes it simple. Don't sign on that dotted line until you know. It could cost you.
FIND THE CREDIT CARD THAT'S RIGHT FOR YOU
THERE'S A CREDIT CARD FOR VIRTUALLY ANY SITUATION. FIND YOURS.
YOU'VE WORKED HARD TO BUILD YOUR DREAM

LEARN ABOUT THE LOAN OPTIONS AVAILABLE TO EXPAND YOUR BUSINESS