U.S Bank Grows Mortgage Servicing Portfolio
Quarterly lending might have slipped at U.S. Bancorp, but the financial institution did manage to increase the size of its third-party mortgage servicing portfolio.
BBT's Mtg Income Up, Originations and Servicing Off
Home lending slowed, and the mortgage servicing portfolio retreated at BB&T Corp.. Still, the company increased pre-tax earnings from mortgage banking.
Fifth Third Mortgage Business Reduced
In addition to slowing its home lending volume, Fifth Third Bancorp cut its mortgage assets and reduced the size of its serving portfolio.
SunTrust Mtg Earnings, Originations and Servicing Up
Home lending activity expanded at SunTrust Banks Inc., while the residential loan servicing portfolio grew and mortgage earnings improved.
Purchase Originations Off, Delinquency Up at PNC
Quarterly production of home purchase financing at The PNC Financial Services Group Inc. declined. In addition, mortgage earnings turned negative, and delinquency deteriorated.
HEL Drives Up BofA Originations
Increased home-equity originations more than offset a quarter-over-quarter drop in first mortgage lending at Bank of America Corp. The company continued to scale back on assets, servicing and staffing.
New Mortgage Business Slips at Wells Fargo
Quarterly home lending activity at Wells Fargo & Co. moved lower, as did its servicing portfolio and mortgage income.
Production Executives Dominate Management Moves
Among several recent management appointments at home lending firms have been executives who will oversee mortgage production and sales. Other executive activity includes board appointments and commercial real estate lending recruiting.
Ginnie's Jumbo Issuance Jumps to 2.5-Year High
It's been more than two-and-a-half years since issuance of jumbo mortgage-backed securities at the Government National Mortgage Association has been this high.
Freddie Hands Off Risk on Much of Multifamily Biz
Credit risk on more than half of the Federal Home Loan Mortgage Corp.'s multifamily activity last year was handed off to investors.