SunTrust Mortg Earnings, Lending & Servicing Down
Although company-wide earnings ascended at SunTrust Banks Inc. -- mortgage income, originations and third-party servicing were all down on a quarterly basis.
KeyBank Hires 100s of Mortgage Originators
Following the acquisition of another bank two years ago, KeyBank has hired hundreds of loan originators to build on the home-lending business that came with the purchase.
Former ResCap Chief Named Ditech CEO
The former chairman and chief executive officer of a previous ditech.com affiliate has become the CEO and president of the company that now operates as Ditech Holding Corp.
Ocwen President-CEO Leaving
After spending nearly three decades with Ocwen Financial Corp., the mortgage firm's president and chief executive officer is leaving the company.
US Bank's Mortgage Revenues, Lending & Lates Down
Company-wide earnings improved at U.S. Bancorp, but mortgage income worsened. Home-lending volume was solidly lower. As residential servicing and assets grew, delinquency decreased.
Business, Delinquency Decline at MGIC
As has been the case for mortgage bankers, new quarterly business fell at MGIC Investment Corp. Also declining was the rate of late payments. But the book of business expanded.
Earnings Jump at BofA as Originations Sink
Quarterly earnings climbed at Bank of America Corp., while home-lending activity tumbled. The company stopped reporting mortgage earnings and servicing.
PNC Mortgage Originations, Servicing & Assets Fall
Company-wide earnings improved at The PNC Financial Services Group Inc. But mortgage originations sank, while residential servicing and assets were diminished.
Mortgage Revenues, Originations Sink at Citi
A marked decline was recorded for quarterly mortgage revenues and originations at Citigroup Inc. The company continued to reduce residential servicing and assets.
First Republic Earnings, Mortgage Assets Increase
Although quarterly home lending was significantly lower at First Republic Bank, residential asset holdings expanded and earnings were stronger.