FHA Exposure Hits BB&T Earnings
Quarter-over-quarter growth was reported in originations and servicing at BB&T Corp. But income took a hit thanks to potential exposure recognized on Federal Housing Administration lending. Residential delinquency, meanwhile, deteriorated.
Earnings, Originations & Assets Up at Huntington
Compared to the first quarter, parent company earnings, mortgage originations and residential assets were higher at Huntington Bancshares Inc.
South Sees Two Financial Institution Failures
Two financial institutions, one in Georgia and another in Kentucky, were recently seized and closed down by regulators.
5/3 Originations, Lates Up as Mtg Holdings Trimmed
Fifth Third Bancorp lifted mortgage production on a quarter-over-quarter basis. But its investment and servicing portfolios subsided, while delinquency deteriorated.
PNC Purchase Production Proliferates
Quarter-over-quarter mortgage home purchase financing surged at The PNC Financial Services Group Inc. Also improving were mortgage earnings.
US Bank Lifts Loan Originations, Cuts Delinquency
Home loan originations moved higher in the second quarter at U.S. Bancorp, while residential and commercial mortgage delinquency was reduced.
BofA, DOJ Resume Settlement Negotiations
Talks between Bank of America Corp. and the Department of Justice have resumed after recently stalling over a $5 billion gap.
Regional Mortgage Lender Launches
A new residential lender has opened for business in Pennsylvania and has plans to provide home loans in four states.
BofA Home Lending Grows, Mortgage Losses Continue
Residential loan production picked up at Bank of America Corp. But legal costs help keep the mortgage business operating in the red.