Fundings increased at First Horizon National Corp.
Second quarter production was $7.5 billion, according to earnings data released Wednesday. Business was $0.6 billion better than the prior quarter but $2 billion worse than the same quarter last year.
First Horizon's pipeline of 3,645 locked loans at the end of the second quarter was barely changed from the prior period.
One-third of second quarter volume at the Memphis, Tenn.-based company was refinances, the announcement said, while 28 percent of loans originated were adjustable rate.
The mortgage lending sales force ended the period at 2,467, First Horizon reported.
The servicing portfolio was nearly $100 billion as of June 30, the earnings data indicated.
Earnings during the latest quarter were $104.3 million, the report said.