While the second quarter saw higher originations at most major mortgage bankers, fundings fell at Capital One Financial Corp.
Second quarter originations were $5.5 billion, according to the McLean, Va.-based company's earnings announced today. Fundings fell from $6.8 billion in the first quarter and were down 44 percent from a year earlier.
Full-time equivalent employees were reported at 29,500 as of June 30.
Mortgage banking earnings reportedly were $2.6 million during the latest period -- reflecting continued pressure on originations and secondary mortgage market pricing.
Earnings for all of Capital One were $750.4 million, the data indicated.