BB&T Home Lending Sees Tight Gains
While home loan production squeaked by prior quarterly results, pre-tax mortgage banking earnings took a hit at BB&T Corp. The mortgage servicing portfolio also fell.
Mortgage Earnings Soar at Huntington
Quarterly mortgage production nudged higher at Huntington Bancshares Inc. Far more impressive was the 64 percent surge in quarter-over-quarter mortgage earnings.
Refis Drive Up Mortgage Originations at Regions
While purchase mortgage financing dropped, a rise in refinancing moved total home lending activity higher at Regions Financial Corp.
Fifth Third Mortgage Production Rises
Home loan activity jumped ahead at Fifth Third Bancorp. Meanwhile, the size of the financial institution's servicing portfolio shrank.
SunTrust Mtg Lending & Earnings Up, Servicing Down
While residential lending grew at SunTrust Banks Inc., the loan servicing portfolio shrank. Still, mortgage earnings climbed over the prior period.
PNC Mortgage Lending and Servicing Rise
Mortgage business blossomed for The PNC Financial Services Group Inc. Loan production increased, the servicing portfolio grew and delinquency declined. While mortgage earnings swung to a profit, residential assets retreated.
BofA Mortgage Originations Increase
Despite a drop in home-equity loan production, new mortgage lending surged at Bank of America Corp. -- gaining for the fourth consecutive period. As was the case in the prior quarter -- servicing, assets and staffing decreased.
Mortgage Management Moves Involve GSE, TX Execs
Among recent management moves at home finance firms is a current government-sponsored enterprises executive, a former GSE executive and a pair of Texas mortgage executives.
Mortgage Delinquency Down at U.S. Bank
Although there was little quarter-over-quarter change in mortgage originations and servicing at U.S. Bancorp, the rate of late payments on residential assets improved.