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» LENDER/SERVICER PROFILE VISIT US ONLINE @ DSNEWS.COM REGIONAL INSTITUTION Fifth Third Mortgage Company key personnel Kevin T. Kabat President and CEO George D. Carmichael EVP and COO servicing summary * Portfolio Stats » Residential servicing portfolio: $62B (UPB) » MSRs: $697M Portfolio Growth Unpaid Principal Balance (UPB) » 2012: $62B » 2011: $57B » Annual Change: +8.8% MSRs » 2012: $697M » 2011: $681M » Annual Change: +2.3% Mortgage Servicing Fees » Q4 2012: $64M » Q4 2011: $58M » Annual Change: +10.3% Foreclosure Stats » Foreclosure rate (including OREO): 1.73% Nonperforming Assets » Residential mortgages: $290M » Florida represented 47% of residential mortgage nonperforming assets » Home equity loans: $62M REO Stats » Total OREO expense: $5M in Q4 2012, down 38% from Q4 2011 » Consumer/residential OREO holdings: $63M *As of 2012 year-end unless otherwise noted know this Fifth Third's Q4 2012 results included an increase of $29M in mortgage representation and warranty reserves due to new Freddie Mac guidance for potential 2004-2006 repurchase claims. company vitals Headquarters: Cincinnati, Ohio Take a look inside the numbers Phone: 800.972.3030 states in portfolio* Online: 53.com Fifth Third Bank is the principal subsidiary of holding company Fifth Third Bancorp—a diversified financial services company with $111 billion in assets. Fifth Third Bancorp had a 2010 net income of $753 million. According to 53.com, Fifth Third operates 15 affiliates with more than 1,310 full-service locations. The company operates in Ohio, Florida, Georgia, Illinois, Indiana, Kentucky, Michigan, Missouri, North Carolina, Pennsylvania, Tennessee, and West Virginia. Fifth Third traces its roots back to 1858 when it opened its doors on the bank of the Ohio Valley. At the turn of the century, Third National Bank united with Fifth National Bank, and eventually the organization came to be known as Fifth Third Bank. Ohio $611 Michigan $313 Florida December 3, 2012 Fifth Third CFO Calls for 'Empirical Study' of Basel III Impact In a testimony before two House subcommittees, Fifth Third Bancorp CFO Daniel Poston (speaking on behalf of the American Bankers Association) urged the withdrawal of Basel III's "standardized approach" in light of the burdens it would bring to banks and to the overall economy. Speaking before the Subcommittee on Financial Institutions & Consumer Credit and the Subcommittee on Insurance, Housing and Community Opportunity, Poston called the proposed rules "overly complex" and "not appropriate for banks of any size." In his testimony, Poston said that most banks have no problem with the capital requirements and noted that capital levels are already historically high. The problem, he said, lies in the "arbitrary—and excessive—risk weights that will hurt banks, our customers, and the U.S. economy overall." Poston specifically pointed to proposals that could shrink the mortgage market and further tighten credit. — TheMReport.com January 29, 2013 Fifth Third Bank Events Focus on Financial Empowerment Free financial and job resources will be made available to consumers at several locations in Columbus over the next few days. Fifth Third Bank will bring its "Financial Empowerment Mobile" to the IMPACT Community Agency location at 700 Bryden Rd. between 9 a.m. and 3 p.m. on Friday and Saturday and to Columbus Downtown High School, 364 S. Fourth St., between 10 a.m. and 3 p.m. on Sunday. The bus is equipped with personal computers and is staffed by Fifth Third bankers and representatives of nonprofit groups. Those who visit can meet with a banker, get a free credit report, conduct online job searches and talk to credit-counseling experts. —Columbus Dispatch $260 Illinois company's l atest $181 North Carolina $116 *UPB outstanding as of Q3 2012; dollars in millions 2013 str ategy Through effective capital management, coupled with overall non-interest income strength, the company will continue to add significant value to shares and will position itself to outperform peers. Source: FBR Capital Markets stat insight $3.4 Billion Amount of TARP funds Fifth Third accepted during the economic crisis. The bank has since repaid its debt to America. Source: The New York Times origination summary Origination Volume » $7.0B in Q4 2012 » $5.8B in Q3 2012 » $7.1B in Q4 2011 Gains from Originations Sold » $239M in Q4 2012 » $226M in Q3 2012 » $152M in Q4 2011 Sources: Fifth Third Mortgage Company (1/21/2013), FBR Capital Markets & Co. (1/18/2013) 79