bmoreland's blog
A Review of 4th Quarter FDIC Bank Data
Submitted by bmoreland on 02/23/2010 14:54 -0500The 4th Quarter FDIC Bank Data has been updated at www.wlmlab.com. Each quarter I eagerly anticipate the numbers and keep thinking "it can't possibly be worse than last quarter, can it?" Well, never fear, it can. First off, the total amount of loans outstanding at U.S. Regulated Depository Banks has fallen to $7.296 Trillion from $7.425 at the end of Q3 2008.
Mortgage Delinquency Problems Behind Us? Perhaps Not
Submitted by bmoreland on 12/01/2009 08:51 -05001-4 Family First Lien portfolios for the Top 4 lenders deteriorate in the 3rd Quarter. Early Stage delinquencies climb noticeably.
Storm Clouds on Horizon: Early Stage Delinquencies Up
Submitted by bmoreland on 11/25/2009 11:15 -0500A review of the 3rd Quarter FDIC Regulatory data reveals a disturbing counter trend to the recent drop in early stage delinquencies. Across almost all loan portfolios, the 3rd Quarter delinquency number is higher than the Q2 figures.
What Non-Accrual Rates Tell Us
Submitted by bmoreland on 09/21/2009 15:03 -0500Bank of America has just over $8 billion in 90+ days past due compared to a little over $14 billion in Non-Accrual. So for every $1.00 they have on Non-Accrual they have $0.57 in potentially near-term charge offs. Naturally, not every...
Corus Bank: First To Fail Without Delinquencies?
Submitted by bmoreland on 09/13/2009 13:48 -0500As you have all read by now, Corus Bancshares went belly up on Friday adding yet another failed institution to the growing hall of shame. What makes Corus unique, however, is that they may have been the first failure with little to no delinquencies in their major loan portfolios.
