Housing Mortgages Information

FDIC’s Problem Bank List Continues to Grow

Sheila C. Bair, chairman of the FDIC said, "By any yardstick, it was another rough quarter for bank earnings, but the results were not unexpected as the industry coped with financial market disruptions, the housing slump, worsening economic conditions, and the overall downturn in the credit cycle."

Higher provisions for loan losses were cited as the primary reason for the drop in industry profit. These provisions totaled...