Relevant:
- Thrifts Set Aside Record High Loan Loss Provisions
- US Foreclosures Jump in Third Quarter: Regulators
- U.S. Banks Had Second-Best Earnings Ever in 2012, FDIC Says
- U.S. Bancorp Posts Earnings With FDIC, Treasury Aid
- Foreclosures Increase 11.2% in Third Quarter over Second Quarter of 2010. And that means…
2007-11-21 — thetruthaboutmortgage.com
"The combined net income of 831 thrifts plunged 84 percent to $704 million in the third quarter, down from $4.29 billion a year earlier, the Office of Thrift Supervision (OTS) reported today...The sharp decrease in profits was attributed to increased loan loss provisions, which rose to 0.92 percent of average assets in the third quarter, up from 0.38 percent in the second quarter and 0.22 percent in the same period a year ago."
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