Depleted Thrift Industry Records Big Loss in Third Quarter, Declining Origination Numbers
December 4, 2008
Several of the top thrift mortgage producers went out of business during the third quarter of 2008, as the industry recorded its fourth consecutive quarterly loss. The Office of Thrift Supervision said institutions it regulates lost a whopping $3.988 billion during the third quarter of 2008, bringing year-to-date losses to $15.079 billion. A number of the major... [Includes two charts]