• +353-1-415-1241(GMT OFFICE HOURS)
  • 1-800-526-8630(US/CAN TOLL FREE)
  • 1-917-300-0470(EST OFFICE HOURS)
The Housing Market Remains A Sore Spot For U.S. Banks Mar 12 Product Image

The Housing Market Remains A Sore Spot For U.S. Banks Mar 12

  • Published: March 2012
  • Region: United States
  • Standard & Poors

FEATURED COMPANIES

  • Advanta Bank Corp.
  • BNP Paribas Finance Inc.
  • Dime Bancorp Inc.
  • Key Bank of Alaska
  • National City Corp.
  • Summit Bancorp
  • MORE

Abstract
As the U.S. housing market slowly recovers from the depths of the crisis reached in 2008 and 2009, it continues to pose problems for the U.S. banking industry. U.S. banks are facing low interest rates, weak new mortgage volume, and the need to strengthen reserves to cover representation and warranty claims--all of which are depressing revenues. For banks with loan servicers, the costs to deal with bad loans are constraining operating margins. And elevated nonperforming loans are still weighing heavily on banks' balance sheets because of ongoing delays in the foreclosure process. We incorporate some of these factors into our Banking Industry Country Risk Assessments (BICRA), which inform our anchor stand-alone credit profiles for banks and our analyses of capital...

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and READ MORE >

- Massachusetts Development Finance Agency
- Nellie Mae Corp.
- AmSouth Bancorp.
- Bank One Corp.
- BOK Financial Corp.
- Bank of North Dakota
- Deutsche Bank Trust Corp.
- Barnett Banks Inc.
- Boatmen's Bancshares Inc.
- CIT Group Inc.
- Central Fidelity Banks Inc.
- Citicorp
- Comerica Inc.
- Commerce Bancshares Inc.
- CoreStates Capital Corp.
- Regions Financial Corp.
- U.S. Bancorp (The)
- First Financial Bank FSB, Stevens Point,WI
- BancWest Corp.
- National City Bank Kentucky
- Wachovia Corporation
- Banc One Wisconsin Corp.
- HSBC USA Inc.
- M&I LLC
- Mercantile Bancorporation Inc.
- Mercantile Bankshares Corp.
- Bank of America Corp.
- National City Corp.
- Northern Trust Corp.
- Wells Fargo & Co.
- PNC Financial Services Group
- PNC Funding Corp.
- State Street Corp.
- UMB Financial Corp.
- SunTrust Bank Holding Co.
- Banc One Arizona Corp.
- WFC Holdings Corp.
- Zions Bancorporation
- ANZ (DE) Inc.
- Deutsche Bank Trust Co. Americas
- BNP U.S. Finance Corp.
- Citibank N.A.
- Commerce Bank N.A.
- Countrywide Home Loans Inc.
- Dresdner U.S. Finance Inc.
- First American National Bank, Nashville, TN
- Banc One Financial Corp.
- Citibank (West) FSB
- First Horizon National Corp.
- First Union National Bank of Florida, Jacksonville
- Fleet National Bank
- GE Mortgage Insurance Corp. of NC
- Genworth Mortgage Insurance Corp.
- Huntington Bancshares Inc.
- HSBC Bank USA N.A.
- National Australia Funding (DE) Inc.
- National City Credit Corp.
- Old Kent Financial Corp.
- BNP Paribas Finance Inc.
- PMI Mortgage Insurance Co.
- Republic Mortgage Insurance Co. (Unsolicited Ratings)
- Riggs National Corp.
- Societe Generale N.A. Inc.
- Toronto-Dominion Holdings USA Inc.
- U.S. Central Federal Credit Union
- Union Bank N.A.
- Riggs Bank, N.A.
- American National Bank & Trust Co., of Chicago, IL
- Wells Fargo Bank Northwest NA
- U.S. Bancorp
- Wilmington Trust Co. DE
- First Tennessee Bank N.A. Memphis
- Fifth Third Bank Michigan
- Synovus Bank
- Wells Fargo Bank N.A.
- Regions Bank
- Compass Bank
- Sunwest Bank of Albuquerque N.A.
- Manufacturers & Traders Trust Co.
- Bank South N.A., Atlanta, GA
- National City Bank, Cleveland, OH
- Comerica Bank
- Zions First National Bank, Salt Lake City, UT
- BOKF N.A.
- Bank of Hawaii, Honolulu
- BNL U.S. Corp.
- BNZ N.A. Inc.
- CCB Financial Corp.
- Citibank (South Dakota) N.A. Sioux Falls
- NationsBank, N.A. (South)., Atlanta Ga
- Compagnie Bancaire USA Finance Corp.
- Credit Agricole U.S. Inc.
- Calyon North America Inc.
- First Fidelity Inc.
- First Virginia Bank, Falls Church
- Huntington National Bank
- Bank One Wisconsin
- Midlantic Bank, N.A., Newark, N.J.
- Bank of Tokyo-Mitsubishi UFJ Ltd. (New York Branch)
- Bank of America N.A.
- SBNSW (DE) Inc.
- KeyBank N.A.
- BB&T Corp.
- SunTrust Bank
- UBS AG (NY Branch)
- SunTrust Banks Inc.
- KeyCorp
- BNY Mellon N.A.
- Source One Mortgage Services Corp.
- Skandinaviska Enskilda Banken Funding Inc.
- BHF Finance (DE) Inc.
- Morgan Stanley
- Citibank (New York State), Pittsford
- First American Corp. TN
- Allfirst Financial Center N.A.
- Branch Banking & Trust Co.
- Union Planters Bank N.A.
- Colonial Bank
- Meridian Funding Corp.
- Midlantic Corp.
- First-Citizens Bank & Trust Co.
- First Hawaiian Bank
- Meridian Bank, Reading, PA
- Summit Bank, NJ
- Banco Santander Puerto Rico
- NationsBank of Texas N.A., Dallas
- Mellon Trust of New England N.A.
- Chase Manhattan Bank Delaware, Wilmington
- Western Corporate Federal Credit Union
- Old National Bancorp (Unsolicited Ratings)
- Old National Bank
- Bank One, Akron, N.A., OH
- Crestar Bank, Richmond,VA
- CitiMortgage Inc.
- BancorpSouth Bank
- ASLK-CGER North America Inc.
- Countrywide Financial Corp.
- FleetBoston Financial Corp.
- CCBP International Inc.
- California Housing Loan Insurance Fund
- Frost Bank
- Chase Bank U.S. N.A.
- LaSalle Bank Midwest N.A.
- First Union Corp. of New Jersey
- National City Bank, Indiana
- American Express Centurion Bank
- JPMorgan Chase & Co.
- Members United Corporate Fed Credit Union
- Star Bank N.A., Cincinnati, OH
- Bank of the West
- Charter One Bank N.A.
- Associated Bank N.A.
- National Bank of Commerce, Memphis
- BBL North America Inc.
- UnitedTrust Bank
- Wells Fargo Bank Minnesota N.A.
- UnionBanCal Commercial Funding Corp.
- Deutsche Bank National Trust Co.
- Bank One, Louisiana N.A.
- Chemical Bank New Jersey, Morristown
- American Savings Bank FSB Honolulu HI
- California Bank and Trust
- Washington Mutual Bank
- Citigroup Inc.
- Star Banc Corp.
- Fleet Bank of Maine, Portland
- Deutsche Bank Trust Co. Delaware
- First Union National Bank of Georgia, Atlanta
- Nomura Holding America Inc.
- Glendale Federal Bank FSB, Glendale, CA
- Santander Central Hispano Finance (Delaware) Inc.
- Banque Worms U.S. Finance Inc.
- BancorpSouth Inc.
- Bayerische Landesbank U.S. Finance Inc.
- Hypo U.S. Finance Inc.
- TCF National Bank
- Genworth Residential Mortgage Insurance Corp. of North Carolina
- UnionBanCal Corp.
- Discover Bank
- Bank One Michigan
- The Goldman Sachs Group Inc.
- PNC Bank, Delaware
- Banesto (DE) Inc.
- Santander Overseas Bank, Puerto Rico
- Popular Inc.
- TCF Financial Corp.
- Southeast Corporate Federal Credit Union
- Key Bank of Wyoming
- National City Bank of the Midwest
- Boatmen's National Bank of Oklahoma
- Radian Mortgage Assurance Inc.
- Compagnie Bancaire USA Funding Corp.
- Commercial Federal Corporation
- Santander Holdings U.S.A Inc.
- Doral Financial Corp.
- MBNA Corp.
- Bank of America Nevada, Las Vegas
- Bank United
- WestLB Finance USA Inc.
- Key Bank of Washington
- Popular International Bank Inc.
- SunCorp Corporate Credit Union
- First Union National Bank of Virginia, Roanoke
- Hudson United Bancorp
- Infinity Casualty Insurance Co.
- Bank of Hawaii Corp.
- BankBoston Corp.
- Bank of New York Mellon Corp.
- BankAmerica Corp. (Old)
- Continental Bank Corp. Inc.
- Downey S&L Assn.
- First Commerce Corp.
- First Commercial Corp.
- Allfirst Financial Inc.
- First Security Corp.
- First Security Bank of Idaho, N.A.
- Fremont General Corp.
- Ally Financial Inc.
- BMO Bankcorp Inc.
- MGIC Investment Corp. (Unsolicited Ratings)
- MGIC Mortgage Insurance Corp.
- Meridian Bancorp Inc.
- Private Export Funding Corp.
- Republic New York Corp.
- Security Pacific Corp.
- Summit Bancorp
- U.S. Bancorp (Old)
- Washington Mutual Bank, Seattle
- AmSouth Bank, Birmingham, AL
- Natexis U.S. Finance Corp.
- BBVA Compass Bancshares, Inc.
- CoreStates Financial Corp.
- First Interstate Bank of Nevada, Las Vegas
- Wells Fargo Bank (Texas) N.A.
- First Interstate Bank of Oregon N.A., Portland
- Wachovia Bank of Georgia N.A., Atlanta
- BankBoston N.A.
- Government Development Bank for Puerto Rico
- Hibernia Corp.
- Hibernia National Bank, New Orleans, LA
- J.P. Morgan & Co. Inc.
- Michigan National Corp.
- PNC Bank, National Association
- SouthTrust Corp.
- Southwest Corporate Federal Credit Union
- Chase Bank of Texas
- Verex Assurance Inc.
- First Union Corp. of Virginia
- Bank of America NW, N.A.
- Wells Fargo Bank of Arizona, N.A.
- BMO Harris Bank National Assn.
- Fifth Third Bank, Cincinnati, OH
- Fifth Third Bancorp
- Fifth Third Bank of Northwestern, Ohio N.A. Toledo
- Mark Twain Bancshares Inc.
- LaSalle Bank N.A.
- LaSalle National Corp.
- SunTrust Bank, Central Florida N.A., Orlando
- SunTrust Bank, South Florida N.A., Ft Lauderdale
- Fort Wayne National Bank, Fort Wayne, IN
- Imperial Bank
- UMB Bank N.A.
- York Bank & Trust Co.
- Deposit Guaranty Corp.
- SunTrust Bank, Nashville N.A.
- CIC Finance (DE) Inc.
- Wachovia Corp.
- Liberty National Bancorp Inc.
- Bank One, Kentucky N.A., Louisville
- Home Savings of America FA, Irwindale, California
- Signet Banking Corp.
- Dauphin Deposit Corp.
- M&I Marshall & Ilsley Bank
- First of America Bank Mid-Michigan
- Golden West Financial Corp., Oakland, CA
- Union Planters Corp.
- SouthTrust Bank
- First National Bank of Omaha
- Banc One Indiana Corp.
- Bank One, Dayton, N.A., OH
- RBC Centura Bank
- Magna Group Inc.
- Lomas Mortgage USA Inc.
- SMBC Capital Markets Inc.
- Banco Popular de Puerto Rico
- Banco Central Hispano Puerto Rico
- Central Corporate Credit Union
- Girocredit Finance Delaware Inc.
- KfW International Finance Inc.
- Genworth Financial Assurance Corp.
- Provident Bank of Maryland, Baltimore,MD
- Provident Bank
- RBC Bank (U.S.A.)
- BdN Commercial Paper USA Inc.
- State of New York Mortgage Agency Mortgage Insurance Fund
- Banca CRT Financial Corp.
- CERA Finance North America Inc.
- M&T Bank Corp.
- H.F. Ahmanson & Co.
- West One Bancorp
- West One Bank Idaho, Boise
- Metropolitan Financial Corp.
- American Residential Mortgage Corp.
- FCC National Bank, Wilmington, DE
- Bay View Capital Corp.
- Coast Savings Financial Inc.
- National Westminster Bancorp Inc.
- European American Bank Uniondale, NY
- Fleet Bank-New Hampshire, Nashua
- Synovus Financial Corp.
- AGC Capital Inc.
- Western Financial Bank
- First of America Bank Corp.
- Popular North America Inc.
- Bank United Corp.
- Triad Guaranty Insurance Corp.
- Hudson United Bank
- St. Paul Bancorp, Inc., Chicago, Ill.
- Mortgage Guaranty Reinsurance Corp.
- Republic Mortgage Insurance Co. of FL
- Webster Financial Corp.
- Webster Bank N.A.
- U.S. Bank of California, Sacramento
- FirstMerit Bank N.A.
- NationsBank of Delaware N.A., Dover
- People's United Bank
- First USA Inc.
- Barnett Bank of Southwest Georgia
- Barnett Bank of Southeast Georgia, NA
- Barnett Bank of West Florida
- Barnett Bank of Volusia County
- Barnett Bank of the Treasure Coast
- Barnett Bank of Tampa
- Barnett Bank of the Keys
- Barnett Bank of Tallahassee
- Barnett Bank of Lee County, N.A.
- United Guaranty Credit Insurance Co.
- U.S. Bank of Nevada, Reno
- Eastern Corporate Federal Credit Union
- Dime Bancorp Inc.
- CitFed Bancorp Inc., Dayton, OH
- Student Loan Corp.
- Barnett Bank of Lake County, N.A.
- Barnett Bank of Highlands County
- Barnett Bank of Naples
- Barnett Bank of Martin County, N.A.
- Barnett Bank of Marion County, N.A.
- Barnett Bank of Manatee County, N.A.
- Barnett Bank of Palm Beach County
- Barnett Bank of Northwest Florida
- Barnett Bank of North Central Florida
- Barnett Bank of Nassau County
- Barnett Bank of Aluchua County, N.A.
- Barnett Bank of Broward County, N.A.
- Barnett Bank of Central Florida, N.A.
- Barnett Bank of Lake Okeechobee
- Barnett Bank of the Suncoast, N.A.
- Barnett Bank of the St. Johns
- Barnett Bank of Southwest Florida
- Barnett Bank of Polk County
- Barnett Bank of Pinellas County
- Barnett Bank of Pasco County
- NationsBank of Tennessee N.A., Nashville
- First Security Bank of New Mexico, N.A.
- Foothill Capital Corp.
- M&I Bank of Eagle River
- M&I Bank of Antigo
- M&I Bank of Beloit
- M&I Bank of Cambridge
- M&I Bank of Mayville
- M&I Bank of Menomonee Falls
- M&I Bank of La Crosse
- M&I Bank of Mosinee
- M&I Bank of Racine
- M&I Bank South Central
- M&I Central Bank & Trust
- M&I Central State Bank
- M&I Citizens American Bank
- M&I Community State Bank
- M&I First American National Bank
- M&I Lancaster State Bank
- M&I Bank of Southern Wisconsin
- M&I National Bank of Neillsville
- M&I Merchants Bank
- M&I Mid-State Bank N.A.
- M&I National Bank of Ashland
- M&I Northern Bank
- M&I South Shore Bank
- M&I Thunderbird Bank
- M&I Lake Country Bank
- Republic Mortgage Insurance Co. of NC (Unsolicited Ratings)
- M&I Bank of Shawano
- M&I Bank of Oshkosh
- M&I Bank Northeast
- M&I Bank Fox Valley
- Firstfed Financial Corp, Santa Monica, Ca.
- Capital One Bank (U.S.) N.A.
- Capital One Financial Corp.
- Corporate Central Credit Union
- Trans Financial Bank N.A.
- Washington Mutual, Inc.
- FirstBank Puerto Rico
- Key Bank of Colorado
- Key Bank of Alaska
- Key Bank of Idaho
- Key Bank of Maine
- Key Bank of Oregon
- Carolina First Bank
- FirstMerit Corp.
- SouthTrust Bank of Georgia NA
- S&T Bank
- Branch Banking & Trust Co. of South Carolina
- Provident Financial Group, Inc
- Comerica Bank-California
- Comerica Bank-Texas
- Corporate One Federal Credit Union
- Valley National Bancorp
- Valley National Bank
- Fleet Bank N.A.
- Fifth Third Bank of Central Ohio
- Fifth Third Bank of Indiana
- Fifth Third Bank of Kentucky, Inc. (The)
- Fifth Third Bank of Northeastern Ohio
- Federal Reserve System (Unsolicited Ratings)
- Providian Financial Corp.
- OCWEN Financial Corp.
- CC (USA) Inc.
- GreenPoint Bank
- GreenPoint Financial Corp.
- Astoria Federal Savings & Loan
- Astoria Financial Corp.
- PMI Group Inc.
- People's United Financial Inc.
- North Fork Bancorp
- Colonial BancGroup Inc.
- TD Bank US Holding Co.
- Cullen/Frost Bankers Inc.
- First Western Bancorp, Inc.
- Associates Housing Finance Services Inc.
- Keystone Financial Inc.
- Whitney National Bank
- Whitney Holding Corp.
- Delta Financial Corp.
- Citizens Bank
- Citizens Republic Bancorp Inc.
- City National Bank Beverly Hills
- City National Corp.
- Citibank (West) Bancorp Inc.
- First Republic Bank
- Triad Guaranty Inc.
- Fleet Bank N.A., Rhode Island
- Nationstar Mortgage LLC
- Wilmington Trust Corp.
- Civitas Bank
- Branch Banking & Trust Co. of Virginia
- Summit Bank, PA
- Fremont Investment & Loan
- Fulton Financial Corp. (Unsolicited Ratings)
- Santander Bank, N.A.
- Sky Financial Group Inc.
- Citizens Bank Illinois N.A.
- Associated Banc Corp.
- Associated Bank Illinois N.A.
- Charter One Financial Inc.
- Commercial Federal Bank
- F&M Bank - Minnesota
- F&M Bank - Wisconsin
- F&M Bank - Iowa
- E*TRADE Bank
- BANA Holding Corp
- BMO Financial Corp
- BMO Harris Financing Inc.
- Santander BanCorp.
- Discover Financial Services Inc.
- First Corporate Credit Union
- Roslyn Bancorp Inc.
- Bank of North Georgia
- Citizens Bank of Pennsylvania
- TD Bank N.A.
- Greater Bay Bank N.A.
- Constitution Corporate Federal Credit Union
- M&I Bank FSB
- New York Community Bancorp Inc.
- New York Community Bank
- Trustmark Corp.
- Trustmark National Bank
- Banco Bilbao Vizcaya Argentaria Puerto Rico
- Associated Bank Minnesota N.A.
- Capmark Financial Group Inc.
- Depfa Bank PLC, New York Agency
- UBS Loan Finance LLC
- First Midwest Bancorp Inc.
- First Midwest Bank
- Silicon Valley Bank
- SVB Financial Group
- Oriental Bank
- American Express Bank FSB
- Countrywide Bank FSB
- William Street Commitment Corporation
- Asociacion de Empleados del Estado Libre Asociado de Puerto Rico
- Citizens Bank New Hampshire
- Sumitomo Mitsui Trust Bank (USA) Ltd.
- Citizens Bank of Connecticut
- Residential Capital LLC
- RBS Citizens N.A.
- Clayton Holdings Inc.
- Ocean National Bank
- Flagship Bank and Trust
- Bank of Western Massachusetts
- Maine Bank & Trust
- LNR Property Holdings Ltd
- PMI Guaranty Co.
- Wells Fargo South Central N.A.
- Bank of America (California) N.A.
- CapitalSource Inc.
- Lehman Brothers Bank FSB
- Agribank FCB
- PMI Insurance Co.
- Marshall & Ilsley Corp.
- Bank of America Rhode Island N.A.
- Wilmington Trust N.A.
- Royal Bank of Scotland PLC (Connecticut Branch) (The)
- Hancock Holding Company
- RBC Capital Markets LLC
- Cupertino National Bank
- Susquehanna Bancshares Inc.
- Lehman Brothers Securities Asia
- Huntington Banks of Michigan
- Huntington National Bank of Indiana
- Huntington National Bank West Virginia
- California Commerce Bank
- Coastal Bancorp Inc. Houston, TX
- Advanta National Bank
- Ocwen Loan Servicing LLC
- Downey Financial Corp.
- National City Bank, Dayton OH
- National City Bank Northwest Toledo, OH
- HVB Finance (Delaware) Inc.
- Bank One, West Virginia, N.A.
- First Chicago NBD Corp.
- Homeside Lending Inc.
- One Valley Bancorp, Inc
- HSBC Bank Nevada N.A.
- Fifth Third Bank (The)
- National Commerce Financial Corp.
- Commonwealth Mortgage Assurance Co. of Texas
- Radian Insurance Co. (PA)
- United Guaranty Mortgage Insurance Co.
- United Guaranty Mortgage Insurance Co. NC
- Wachovia Mortgage FSB
- North Fork Bank
- Fifth Third Bank of Northern Kentucky Inc.
- Fifth Third Bank of Western Ohio
- The National Bank of South Carolina, Columbia
- First Commercial Bank, Birmingham
- Commerce Bank NA, Cherry Hill
- Commerce Bancorp, Inc.
- HomeGold Financial Inc.
- Citizens Bank of Massachusetts
- IndyMac Bank FSB
- Firstar Bank U.S.A. N.A.
- Citibank (West) Holdings Inc
- Firstar Bank Midwest N.A.
- Provident Funding Associates L.P.
- United Guaranty Mortgage Indemnity Co.
- CoBank ACB
- NetBank Inc.
- Radian Group Inc.
- Mellon 1st Business Bank
- CMG Mortgage Reinsurance Co.
- Advanta Bank Corp.
- Olympia Financial Corp.
- Morgan Stanley Bank N.A.
- AgFirst Farm Credit Bank
- Greater Bay Bancorp
- Chittenden Corp
- Independence Community Bank Corp
- Independence Community Bank
- Southwest Bank of St. Louis
- OFG Bancorp
- Centerline Capital Group
- Lehman Brothers Commodity Services
- First Niagara Financial Group Inc.
- Citizens Bank of Rhode Island

Note: Product cover images may vary from those shown

RELATED PRODUCTS