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 Improves, But Not Originations

$5.8 billion Q1 production

April 21, 2011

By staff

It was the lowest level of delinquency for BB&T Corp. in three years as its servicing portfolio and mortgage assets grew. But home-loan fundings tumbled 31 percent.

Residential originations fell to $5.8 billion from $8.4 billion in the fourth quarter, according to first-quarter earnings data. Production was better, though, than $4.8 billion closed in the first-quarter 2010.

The Winston-Salem, N.C.-based firm serviced $86.2 billion in home loans as of the end of last month, more than $83.2 billion in the previous quarter. The portfolio has risen from $75.9 billion at the same point last year. The weighted average servicing fee was 35 BPS.

BB&T said third-party servicing represented $64.9 billion of the March 31 total.

Residential holdings grew to $18.2 billion from the fourth-quarter's $17.6 billion. Home-loan holdings were also higher than $15.5 billion a year prior.

Commercial real estate assets were $14.3 billion, falling from $14.8 billion in the final quarter of last year and $17.6 billion 12 months earlier.

Within the mortgage banking business, first-quarter earnings were $95 million, less than the $138 million earned three months prior but a little better than $89 million earned a year prior.

"The increase in mortgage banking
income was driven by a $13 million, or 162.5 percent, increase from commercial mortgage banking activities due to improving market conditions, partially offset by lower revenues from residential mortgage banking activities," the report stated.

First-quarter income before taxes at the holding company was a $287 million profit, an improvement from $232 million. The company earned $242 million a year earlier.

BB&T Chairman and Chief Executive Officer Kelly S. King noted that the "solid" results were attributable to declining credit costs and improving economic conditions.

"In particular, we experienced significant declines in past due loans, to our lowest level in three years," King said in the report.

At 31,365, the number of full-time employees was 11 more than at the end of December but fewer than 31,929 during the first-quarter 2010.

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