ABA Banking Journal - May 2009 - (Page 1)

Banking JOURNAL Vol. CI, No. 5 May 2009 www.ababj.com ABA CONTENTS DEPARTMENTS BRIEFING Special Briefing on the Mortgage Cleanup . . . . . . 5 For details on this cover story, see description, right. FEATURES COVER STORY: LOAN MODS— WORK IN PROGRESS Tackling the “End of the Beginning” of mortgage crisis. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5 By Steve Cocheo. The Obama Administration’s Homeowner Affordability and Stability Program shows some promise as mortgage servicers large and small, Fannie/Freddie, investors, and other players move on two fronts: refinancing for current borrowers who need a break, and loan modification for borrowers who need a rescue. On ababj.com: Summary of plan essentials. 10 steps to defusing loan-mod bombs . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30 By Nancy Derr-Castiglione and Lucy Griffin. Don’t hurt your bank while helping borrowers. A special “Compliance Clinic” focus. ABA RESOURCES . . . . . . . . . . . . 11 COMMUNITY BANKING Banks wade into social media . . . . . . . . . . . 14 Costs of dipping into podcasting, social media sites, and blogs are minimal. The buzz can be priceless. By Steve Cocheo Pass the Aspirin . . . . . . . . . . . . . . . 17 Cost-cutting; Making market-share lemonade from lemon headlines Got remedies? Join the ranks of our volunteer prescribers by e-mailing to scocheo@sbpub.com BANKING’S TOP PERFORMERS Part 1: Banks and Thrifts over $3 billion in assets . . . . . . . . . . . . . . . . . . . . . . 22 By Vanessa Mambrino. Low-cost deposits, quality loans, and focus, plus cost control. In a year when every morning seemed to bring more bad news, this recipe proved a way to prosper in rough times. • Top 25 ranked, with key performance data . . . . . . . . . . . . . . . . . . . . . . 23 • Summary data for Top 25 and all institutions over $3 billion . . . . . . 24 TECH TOPICS Mobile banking: You’re either in, or you’re out . . 26 Mobile banking is moving by a different route in this country than some predicted. But it’s moving. Don’t get left behind. By Bill Streeter ON ABABJ.COM Check in every day—or miss critical content like this • Credit Alert: New business bankruptcy risks • You can fight proposed enforcement actions • Who’s ripping off your bank? • What Generation Gap? A banker reviews a book posing that question. • Special Features: Ponder with our pundits at Beyond the Bank and Talking Credit • Take a break with our weekly banking puzzles On Twitter? Follow us at ABABankingJourn for web updates, news, tips, to take part in polls and articles, and more. COMPLIANCE CLINIC 10 steps to defusing loan-mod bombs . . . . . . . 30 Behind every bend-over-backwards effort to help troubled customers lurks the demon who haunts good intentions. Two of our compliance contributors give timely warnings for those moving into modification gear. By Nancy Derr-Castiglione and Lucy Griffin Mailbox . . . . . . . . . . . . . . . . . . . . . . 33 Subscribe to ABA BJ Report-free Weekly e-letter features updates, and links to web resources. Subscribe now at http://tinyurl.com/BJReportNow Coming in June’s ABA BJ and the Digital Magazine… • Community bank performance rankings • How top community bankers ring the bell • Fair-lending reenters the spotlight • Good time to be a mortgage lender COLUMNS Editor’s Column . . . . . . . . . . . . . . . . .2 Too big to manage? Not so ABA Chairman’s Position . . . . . . .12 ABA’s amazing state partnerships Banker’s Mart . . . . . . . . . . . . . . . . . .35 To advertise/Index of advertisers . . . .35 The Economy . . . . . . . . . . . . . . . . . . .36 Employment has not bottomed By Rob Strand Subscribe at www.ababj.com ABA BANKING JOURNAL/MAY 2009 1 http://www.ababj.com http://www.ABABJ.COM http://tinyurl.com/BJReportNow http://www.ababj.com

Table of Contents for the Digital Edition of ABA Banking Journal - May 2009

ABA Banking Journal - May 2009
Contents
Editor's Column
Special Briefing on the Mortgage Cleanup
Tackling the "End of the Beginning" of Mortgage Crisis
ABA Resources
ABA Chairman's Position
Banks Wade into Social Media
Pass the Aspirin
Part 1: Banks and Thrifts Over $3 Billion in Assets
Top 25 Ranked, With Key Performance Data
Summary Data for Top 25 and All Institutions Over $3 Billion
Mobile Banking: You're Either In, or You're Out
10 Steps to Defusing Loan-Mod Bombs
Mailbox
Banker's Mart
To Advertise/Index of Advertisers
The Economy

ABA Banking Journal - May 2009

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