BB&T Home Lending Sees Tight Gains
While home loan production squeaked by prior quarterly results, pre-tax mortgage banking earnings took a hit at BB&T Corp. The mortgage servicing portfolio also fell.
Mortgage Earnings Soar at Huntington
Quarterly mortgage production nudged higher at Huntington Bancshares Inc. Far more impressive was the 64 percent surge in quarter-over-quarter mortgage earnings.
Wells Fargo Adding Correspondent Mortgage Jobs
Wells Fargo & Co.'s home lending unit is in the process of recruiting correspondent lending employees in the state of Illinois.
Stonegate Production Hurt By Correspondent
For the second time in a row, quarterly mortgage production fell at Stonegate Mortgage Corp., with the most-recent drop due to slowing correspondent business. Servicing and staffing also declined.
Refis Drive Up Mortgage Originations at Regions
While purchase mortgage financing dropped, a rise in refinancing moved total home lending activity higher at Regions Financial Corp.
Fifth Third Mortgage Production Rises
Home loan activity jumped ahead at Fifth Third Bancorp. Meanwhile, the size of the financial institution's servicing portfolio shrank.
SunTrust Mtg Lending & Earnings Up, Servicing Down
While residential lending grew at SunTrust Banks Inc., the loan servicing portfolio shrank. Still, mortgage earnings climbed over the prior period.
CO, VA Among Top 5 States in Mortgage Originations
Data on mortgage licensing activity indicates that Colorado and Virginia were among the top-five states in residential loan production by state-licensed originators.