twitter linkedin
facebook google+
Search:

Mortgage News

News by Subject
Complete list of specialty news sections.

Purchase Subscription
Subscribe to MortgageDaily.com 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 MortgageDaily.com.

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

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

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

Press Releases
Reports and announcements from MortgageDaily.com.

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

production

servicing

compliance

legal

fraud

secondary

jobs

appraisal

site map

www.loan-academy.com/
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 Has Strong Quarter

$6.7 billion Q3 production

Oct. 22, 2010

By MortgageDaily.com staff


Branch Banking and Trust Co. increased its originations, servicing portfolio and mortgage assets. The company said that its foreclosure procedures are solid.

Residential loan production was $6.7 billion based on third-quarter earnings data. Mortgage volume was better than the $5.0 billion originated by the Winston-Salem, N.C.-based institution during the previous period.

Activity was worse, however then the third-quarter 2009, when BB&T Corp. closed $6.9 billion in home loans.

During the first nine months of 2010, production totaled $16.5 billion.

The total residential servicing portfolio climbed to $80.5 billion as of Sept. 30. The portfolio stood at $77.9 billion on June 30 and $71.0 billion a year ago. Last month's total included $60.2 billion in loans serviced for third parties.

While BB&T boasted overall loan growth, the gain didn't apply to some of its real estate loan holdings.

But mortgage assets increased to $16.3 billion from $15.5 billion three months earlier and $15.5 billion a year earlier. The Sept. 30 figure reflected $13.3 billion in prime mortgages, $2.2 billion in Alt-A loans and $0.5 billion in subprime mortgages.

Total home-equity loans and home-equity lines-of-credit on the books were $11.4 billion, no different than on June 30.

Residential delinquency of at least 30 days was 20.9 percent,

"BB&T has no issues of concern in its foreclosure processes," the bank proclaimed. "After completing an internal review, BB&T identified no issues of concern with its foreclosure processes.

"With knowledgeable specialists preparing all affidavits, BB&T has not engaged in robo-signing."

Over the past year, mortgage banking revenue rose 28 percent to $184 million in the third quarter.

Net income before taxes at BB&T Corp. was $246 million, not much different than the second quarter's $249 million. Earnings were better, though, than $148 million in the same period during 2009.

At the end of the third quarter, 31,331 people were employed by the bank, fewer than 31,603 at the end of the second quarter and 32,821 at the same time last year.

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.


Logout forgot
password?

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

MBS

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