twitter linkedin
facebook google+

Mortgage News

News by Subject
Complete list of specialty news sections.

Purchase Subscription
Subscribe to and get immediate access to all news, statistics and archives.

Mortgage Advertising
Reach mortgage executives, loan originators and other people tied to mortgage industry.

Consumer Mortgage News
Free mortgage news for prospective borrowers.

Mortgage Newsletter
Free e-mail newsletter with the latest headlines from

Mortgage News Reprints
Put entire stories in your online or printed newsletter or publication.

Mortgage Feedget RSS code
Condensed stories free on your Web site or for your RSS reader.

News Archives
Archive of stories by month going back to 1999.

Press Releases
Reports and announcements from

Mortgage Statistics
Data and statistics for real estate finance.

Mortgage Directories
Directories of lenders, branch operators and mortgage service providers.

Mortgage Graphs
Directories of lenders, branch operators and mortgage service providers.

home subscribe advertise reprints e-mail help RSS about us LOG IN

Mortgage News


Mortgage News

HOT Topics









site map
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 Performance Strengthens

$8.4 billion in Q4 originations

Jan. 19, 2012

By staff

Quarterly mortgage banking earnings and home-loan production picked up at BB&T Corp.

Branch, Banking and Trust Co. originated $8.4 billion in residential loans during the three months ended Dec. 31. The statistic was included in its fourth-quarter earnings report.

Production jumped from $5.5 billion in the third quarter and was better than the last quarter of 2010 by less than $0.1 billion.

Fourth-quarter business included $5.2 billion in correspondent production, more than $4.6 billion in the final quarter a year earlier.

Full-year fundings from both retail and correspondent totaled $23.7 billion, just shy of the $24.9 billion originated during 2010.

The residential servicing portfolio climbed to $91.6 billion from $88.7 billion in the third quarter and $83.5 billion in the fourth-quarter 2010. The third-party portion of the portfolio was $67.1 billion, up from $66.3 billion three months earlier.

Residential loans owned by the Winston-Salem, N.C.-based bank grew to $20.6 billion from $19.4 billion and were $17.6 billion at the same point a year earlier.

Delinquency of at least 30 days, including non-accrual loans, was 4.99 percent on the residential portfolio as of year-end 2011, lower than 7.79 percent at the end of 2010.

BB&T Chairman and Chief Executive Officer Kelly S. King noted in the report that an aggressive disposition strategy implemented by the company has "proved very successful." He reported that other real estate owned assets, excluding covered foreclosed property, declined 41 percent.

As of Dec. 31, 2011, BB&T owned $12.8 billion in commercial real estate loans, cutting its holdings from $13.3 billion as of Sept. 30. CRE assets were $14.8 billion at the end of 2010.

Last month's total reflected $10.7 billion in "commercial real estate - other" and $2.1 billion in "commercial real estate - residential ADC" assets.

Mortgage banking net income was $36 million during the final three months of 2011, better than the third quarter's $17 million. Full-year mortgage banking earnings were a $17 million loss, though that was lower than the prior year's $77 million loss.

Company-wide income before income taxes was $484 million, better than $439 million for the third quarter and the $232 million earned in the final quarter of 2010. Annual income was $1.6 billion, climbing from $1.0 billion in 2010.

As of the end of last year, there were 31,774 people employed at BB&T, a few more than 31,684 at the end of September. At the end of 2010, headcount was 31,354.

BB&T operated 1,779 banking offices, three fewer than a year earlier.

BB&T profile

next story

back to current headlines

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.

Corporate Mortgage News
M e r g e r s, a c q u i s i t i o n s and private and public offerings. Other corporate activity including executive appointments, bankruptcies name changes.

Commercial Mortgage News | CRE Lender Directory | CRE Statistics
Stories about commercial lending on multifamily, office, retail and industrial properties.

Logout forgot

SUBSCRIBERS: Edit Subscription | Subscription Help | or call 214.521.1300

Subscribe Contact Us Site Map

Copyright © 2017 Mortgage Daily, D a l l a s
Subsribers Only:

AMC directory

ARM indexes

mortgage company directory

mortgage regulations

net branch directory

p r i c i n g engine directory

wholesale lender directory

More Mortgage News Resources (full site map):

advertising news

appraisal news

bank news

biggest lenders

commercial mortgage news

corporate mortgage news

credit news

FHA news

financial regulation news

foreclosure news

GSE news

jumbo mortgage news

interest rates

loan modification news

loan originator survey

LOS Newsletter


mortgage associations

mortgage-backed securities

mortgage books

mortgage brokers

mortgage compliance

mortgage conferences

mortgage directories

mortgage education

mortgage employment

mortgage employment index

mortgage executives

mortgage fraud

mortgage fraud blog

mortgage fraud local news

Mortgage Fraud Index

Mortgage Graveyard

mortgage insurance news

mortgage lawsuits

mortgage leads

mortgage lender ranking

mortgage licenses

mortgage litigation

Mortgage Litigation Index

Mortgage Market Index

mortgage mergers

mortgage news

mortgage politics

mortgage press releases

mortgage production

mortgage public relations

mortgage rates

mortgage servicing

mortgage statistics

mortgage technology

mortgage video

mortgage Webinars

net branch

net branch directory

nonprime news

origination news

originator tools

real estate news

refinance news

reverse mortgage news

secondary marketing

social media

servicing news

subprime news

wholesale lenders