twitter linkedin
facebook google+

Mortgage News

News by Subject
Complete list of specialty news sections.

Purchase Subscription
Subscribe to and get immediate access to all news, statistics and archives.

Mortgage Advertising
Reach mortgage executives, loan originators and other people tied to mortgage industry.

Consumer Mortgage News
Free mortgage news for prospective borrowers.

Mortgage Newsletter
Free e-mail newsletter with the latest headlines from

Mortgage News Reprints
Put entire stories in your online or printed newsletter or publication.

Mortgage Feedget RSS code
Condensed stories free on your Web site or for your RSS reader.

News Archives
Archive of stories by month going back to 1999.

Press Releases
Reports and announcements from

Mortgage Statistics
Data and statistics for real estate finance.

Mortgage Directories
Directories of lenders, branch operators and mortgage service providers.

Mortgage Graphs
Directories of lenders, branch operators and mortgage service providers.

home subscribe advertise reprints e-mail help RSS about us LOG IN

Mortgage News


Mortgage News

HOT Topics









site map
Origination News | Lender Ranking | Fundings by Lender | Statistics
Quarterly residential mortgage production by lender. Subprime, Alt-A, home equity and conforming originations. Volume by quarter since 2003.

Fifth Third Fundings Falter

Q3 mortgage originations drop 36% from Q2

Oct. 18, 2013

By Mortgage Daily staff

New mortgage business at Fifth Third Bancorp plunged during the latest quarter, and residential delinquency inched up. The company, however, increased the size of the servicing portfolio.

Mortgage originations during the third quarter were $4.8 billion, according to earnings data reported this week.

Business sank from a record $7.5 billion funded in the second quarter.

Production was also down from the third quarter of last year, when $5.8 billion in home loans were closed.

Fifth Third said it serviced $69 billion as of Sept. 30. The mortgage servicing portfolio was up from $67 billion as of June 30 and $62 billion on the same date last year.

Residential loan holdings rose to $12.534 from $12.400 billion and were higher than $11.708 billion one year prior.

At 0.58 percent, 90-day residential delinquency was a basis point higher than in the second quarter. A year earlier, the 90-day rate was 0.65 percent.

Home-equity loan assets were trimmed to $9.356 billion from the second quarter's $9.531 billion and fell from $10.238 billion as of Sept. 30, 2012.

HEL delinquency slipped to 0.88 percent from 0.89 percent and tumbled from 1.16 percent at the end of the third-quarter 2012.

Fifth Third ended last month with $8.052 billion in commercial mortgages, less than the $8.443 billion on its books at the end of June and the $9.348 billion in commercial mortgages as of the same date in 2012.

Delinquency on the commercial mortgage portfolio was deemed not meaningful in the current and prior quarters. The rate was 0.24 percent in the third-quarter 2012.

Another $0.875 billion in commercial construction loans were on the balance sheet, increasing from $0.754 billion in the second quarter and $0.672 in the third-quarter 2012.

Outstanding repurchase claims were just $49 million.

The Cincinnati-based bank earned $604 million before taxes. Income was down from $841 million three months earlier but better than $503 million 12 months earlier.

At the end of the third quarter, staffing stood at 20,256 full-time equivalent employees, off from 20,569 at the end of the previous quarter and down from 20,789 as of Sept. 30, 2012.

Branch count was unchanged from the second quarter at 1,326.

Fifth Third profile

next story

back to current headlines

Bank news

Corporate Mortgage News
M e r g e r s, a c q u i s i t i o n s and private and public offerings. Other corporate activity including executive appointments, bankruptcies name changes.

Servicing News | Servicer Ranking | Delinquency Statistics
Stories about mortgage servicers, delinquency and f o r e c l o s u r e s. Coverage of servicing lawsuits and loan servicing technology.

Logout forgot

SUBSCRIBERS: Edit Subscription | Subscription Help | or call 214.521.1300

Subscribe Contact Us Site Map

Copyright © 2017 Mortgage Daily, D a l l a s
Subsribers Only:

AMC directory

ARM indexes

mortgage company directory

mortgage regulations

net branch directory

p r i c i n g engine directory

wholesale lender directory

More Mortgage News Resources (full site map):

advertising news

appraisal news

bank news

biggest lenders

commercial mortgage news

corporate mortgage news

credit news

FHA news

financial regulation news

foreclosure news

GSE news

jumbo mortgage news

interest rates

loan modification news

loan originator survey

LOS Newsletter


mortgage associations

mortgage-backed securities

mortgage books

mortgage brokers

mortgage compliance

mortgage conferences

mortgage directories

mortgage education

mortgage employment

mortgage employment index

mortgage executives

mortgage fraud

mortgage fraud blog

mortgage fraud local news

Mortgage Fraud Index

Mortgage Graveyard

mortgage insurance news

mortgage lawsuits

mortgage leads

mortgage lender ranking

mortgage licenses

mortgage litigation

Mortgage Litigation Index

Mortgage Market Index

mortgage mergers

mortgage news

mortgage politics

mortgage press releases

mortgage production

mortgage public relations

mortgage rates

mortgage servicing

mortgage statistics

mortgage technology

mortgage video

mortgage Webinars

net branch

net branch directory

nonprime news

origination news

originator tools

real estate news

refinance news

reverse mortgage news

secondary marketing

social media

servicing news

subprime news

wholesale lenders