SunTrust's Mortgage Income, Originations Drop
Home lending and mortgage earnings weakened from a year ago at SunTrust Banks Inc., though earnings improved on a quarter-over-quarter basis. Delinquency deteriorated.
Stearns Lending Cutting Southern California Jobs
Well over a hundred mortgage jobs are being eliminated by Stearns Lending LLC. The impacted employees are located in the Golden State.
BB&T Mortgage Lending, Income Sink from Yr Earlier
Quarterly mortgage earnings and originations significantly deteriorated from a year earlier at BB&T Corp., while mortgage delinquency worsened from the previous period.
PNC's Mortgage Income, Lending Off From Year Ago
While The PNC Financial Services Group Inc.'s mortgage earnings and originations weakened from a year earlier, third-party mortgage servicing has grown during the period.
Wells' Mortgage Income Worse, Originations to Drop
Mortgage earnings deteriorated at Wells Fargo & Co. While there was a modest quarter-over-quarter rise in home lending, current-quarter activity is likely down. Nonconforming assets grew. Company-wide staffing was reduced.
BofA Mortgage Swings to Loss as Origination Drop
Bank of America Corp.'s mortgage business contracted as repurchases and mortgage-servicing rights valuations drove mortgage earnings into the red. Staffing was reduced.
Chase Ascends to Biggest Bank as Branches Cut
Third-party mortgage servicing has been reduced 19 quarters in a row at JPMorgan Chase & Co., which now claims to be the biggest bank in spite of cutting branch count 13 consecutive quarters. Employee count has increased each of the past seven quarters, as earnings and residential loan originations were strong.
Marketplace Home Lender Hiring Dozens in PA
Dozens of technology employees are expected to be hired in Pennsylvania by a mortgage marketplace lender that has closed more than $1.7 billion in home loans.
Biggest Reverse Mortgage Lender Hiring
Dozens of hirings are planned by the largest originator of government-insured reverse mortgages. The Lone Star State is the location of the new personnel.
Mortgage Jobs Rise Despite Weak Employment Report
While the nation's overall employment was battered by the recent hurricane activity, non-bank employment within the home-lending sector moved higher.