Thrifts originated $30.8 billion of single-family loans in the second quarter, a 13% hike from 1Q with the industry posting its fourth consecutive quarterly profit.
According to figures compiled by the Office of Thrift Supervision, the nation's 753 federally chartered S&Ls had combined earnings of $1.5 billion in the second quarter compared to a $94 million loss a year ago.
"The thrift industry has clearly improved from the height of the recession but has certainly not recovered in full," said OTS acting director John Bowman.
Noncurrent loans (89 days or more past due and in non-accrual status) were unchanged quarter to quarter.
Noncurrent single-family loans were unchanged at 5.2% as of June 30, and charge-offs fell three basis points to 24 bps.
Noncurrent multifamily loans fell to 3.1% in the second quarter from 3.5% in the previous quarter. But charge-offs rose 8 bps to 27 basis points.
At June 30, thrifts held $30.4 billion in multifamily mortgages and $326.2 billion in single-family loans (including $58 billion of HELOCs and second liens) on their books.
Thrifts sold $28 billion in single-family loans in the second quarter, up from $25 billion in the first quarter.
A year ago, thrifts originated $62.3 billion in single-family loans and sold $66.1 billion in single-family loans.
