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Origination News | Lender Ranking | Fundings by Lender | Statistics
Quarterly residential mortgage production by lender. Subprime, Alt-A, home equity and conforming originations. Volume by quarter since 2003.


BB&T Business Weaker

Q1 production $4.8 billion

April 22, 2010

By MortgageDaily.com staff


Mortgage originations declined at Branch Banking and Trust Co., but the servicing portfolio is growing.

Home-loan fundings during the first quarter were $4.8 billion, parent BB&T  Corp. reported in earnings data today. Volume fell from $5.3 billion three months earlier and $7.4 billion one year earlier.

The residential mortgage servicing portfolio finished last month at $75.9 billion, higher than $73.6 billion at the end of December and $62.9 billion a year earlier. The latest total reflected $57.2 billion in third-party servicing and $18.7 billion in bank-owned servicing.

Mortgage holdings were $15.5 billion, edging up from $15.4 billion on Dec. 31 but declining from $16.3 billion on March 31, 2009.

BB&T earned $242 million in the first quarter, better than $207 million in the previous period but tumbling from $432 million in the same period last year.

The Winston-Salem, N.C.-based bank reported 31,929 full-time employees as of the end of the first quarter, fewer than 32,394 at the end of last year but more than 29,496 a year prior.

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Servicing News | Servicer Ranking | Delinquency Statistics
Stories about mortgage servicers, delinquency and f o r e c l o s u r e s. Coverage of servicing lawsuits and loan servicing technology.



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