|
|
| | | |
OTS sees adequate capital reserves despite huge 2Q loss, points to subtle upswing
The office of Thrift Supervision announced that the thrift industry posted a $5.4 billion loss in the second quarter, the second largest loss ever after the $8.8 billion drop in 4Q07. But OTS Director John Reich reported that thrifts set aside a whopping $14.0 billion in loan loss provisions – the highest total on record - to increasingly prepare for the faltering mortgage industry-driven downturn...
Subscribers have free access to the archives. Click here.
Non-Subscribers: click here to subscribe
Pay per view ($50.00)
|  | | Home | Login | Subscribe | Contact Us | User Agreement & Privacy Policy | © Copyright 2008, Inside Mortgage Finance Publications
7910 Woodmont Ave., Suite 1000, Bethesda, MD 20814
Tel: (301) 951-1240; Fax: (301) 656-1709
All rights reserved. Photocopying or electronic distribution of this web page or any of its contents without prior written consent of the publisher violates U.S. copyright law, and is punishable by statutory damages of up to $150,000 per infringement, plus attorneys' fees (17 USC 504 et seq.). Without advance permission, illegal copying includes regular photocopying, faxing, excerpting, forwarding electronically, and sharing of online access.
|
|
|
Shopping Cart
