AccessMyLibrary provides FREE access to over 30 million articles from top publications available through your library.
Create a link to this page
Copy and paste this link tag into your Web page or blog:
Banks Are Still Keen On Mortgage Investments: 'It is something to keep an eye on ... (but) nothing dramatic.'.
WASHINGTON -- Banks and thrifts increased their investments in mortgage loans and securities in the second quarter, while construction lending remained brisk, according to the Federal Deposit Insurance Corp.
FDIC-insured institutions increased their holdings of one-to-four family loans by $54.3 billion (including $38 billion in adjustable-rate mortgages) to $2.16 trillion during the second quarter. Mortgage-backed securities holdings rose by $29.8 billion to $969.8 billion.
These depositories increased their home loans and MBS portfolios by a 10.5% and 6.2%, respectively, in the second quarter. But construction and development lending grew at a 32% annual rate. In fact, construction lending has grown at a 30% annual rate over the past eight quarters, despite regulatory concerns about high concentrations of construction and commercial real estate loans at community banks.
The FDIC Quarterly Banking Profile report shows that banks and thrifts made $31.7 billion in C&D loans during the second quarter and they held $513.9 billion in C&D loans as of June 30 - up from $389.1 billion in the second quarter of 2005.
Despite the rapid growth, non-current C&D loans ticked ...
- JP Morgan's latest quarterly banking survey reveals some fascinating things...
- Magazine article from: Australian Banking & Finance Ayling, Phil July 31, 2003 700+ words
JP MORGAN'S LATEST QUARTERLY banking survey reveals some fascinating things about the personal finance habits of the chief financial, officers of the top 500 corporates...
- Fed launches quarterly banking report.
- Magazine article from: Financial Update July 1, 2004 700+ words
A new quarterly report on the condition of the U.S. banking industry is available to bankers and the general public. The data--drawn from regulatory reports filed with the Fed by bank holding companies (BHCsprovide a broad perspective on the industry. The report is part of the Federal Reserve
- David Reagan.(BANKING profile)
- Magazine article from: San Diego Business Journal March 23, 2009 700+ words
David Reagan is a senior vice president with City National Bank and financial adviser to business owners, high-net-worth individuals and nonprofit organizations. He maintains offices in the bank's Irvine and La Jolla regional centers where he provides wealth management, financial planning and
- Banking like it used to be.(Community Banking)(Profile)
- Magazine article from: US Banker Milligan, John W. November 1, 1996 700+ words
It may sound counterintuitive-like porking out on hot fudge sundaes to lose weight-but a community bank's future may be most secure when surrounded by the very same money centers and superregionals that are supposed to annihilate it. And if any rule applies here, it may be this one: The bigger the
- Home again: remember Honolulu Mortgage? It's baaack ... well, sort of....
- Magazine article from: Hawaii Business Trifonovitch, Kelli Abe July 1, 2002 700+ words
Last Christmas Eve, three former Bank of Hawaii employees gave themselves a present. Ron Schmid, Thomas Zimmerman and Gayle Ishima formed Hawaii HomeLoans Inc., a new mortgage banking company that's already making a big splash. About a month after it opened for business on April 1, 2002, Hawaii
- Where others fear to tread. (Community Bank of the Bay, Oakland, CA)(Community...
- Magazine article from: US Banker McReynolds, Rebecca January 1, 1998 700+ words
A tiny community development bank in Oakland, CA, is filling a niche that bigger banks aren't interested in--lending in lower-income areas to inexperienced or start-up companies that have little history or capital. Depending on your point of view, the modern, open--and almost empty--headquarters of
- Ed Jones, America's community banker. (brokerage firm focuses on rural towns)...
- Magazine article from: US Banker McReynolds, Rebecca September 1, 1997 700+ words
Orrville, OH, population 10,000. Home of the J.M. Smucker Co., synonymous with jelly, and the Schantz Organ Co., the last independent high-end organ maker in the U.S. As in small towns throughout America, business here still gets done over coffee and at Little League games, and newcomers wait for
- Pyramid schemes put in perspective: the real rub of the Ivar Kreuger and Bernie...
- Magazine article from: The New American Scaliger, Charles May 11, 2009 700+ words
[ILLUSTRATION OMITTED] On March 12, 1932, French police discovered a man dead of a gunshot wound in a sumptuous apartment on Avenue Victor Emanuel III in Paris. After a thorough investigation, it was determined that the man, a middle-aged Swedish businessman, had died of a self-inflicted shot from
Source: HighBeam Research, Banks Are Still Keen On Mortgage Investments: 'It is something to...