Mortgage Business Falls Below $1 Billion at Regions
Regions Financial Corp.'s home lending business fell below $1 billion for the first time since Mortgage Daily began tracking its originations. Loan performance improved except for on investor commercial mortgages.
LO Sues for Millions in Unpaid Commissions
A federal judge has denied a lender's motion to dismiss a lawsuit alleging a loan originator is owed millions of dollars.
SunTrust Mortgage Closings Lowest in At Least Decade
New mortgage business at SunTrust Banks Inc. dropped to the lowest level in at least a decade.
Mortgage Business Contracts at Fifth Third
Quarterly mortgage originations geared down at Fifth Third Bancorp, while the servicing portfolio was reduced and home loan assets were cut.
100s of Additional Mortgage Layoffs at Wells Fargo
The campaign to align staffing levels with mortgage production volume is continuing at Wells Fargo & Co., which has already cut thousands of mortgage jobs.
BB&T Mortgage Unit Turns In Respectable Results
Residential loan originations may have been down, but BB&T Corp. grew its servicing portfolio, increased its mortgage investments and lowered its delinquency.
Mixed Mortgage Metrics at Huntington
Although mortgage earnings and originations were weaker at Huntington Bancshares Inc., the mortgage servicing portfolio expanded, residential assets increased, and delinquency declined.
PNC Mortgage Production and Delinquency Down
Residential loan production, mortgage assets and home loan delinquency were all lower at The PNC Financial Services Group Inc. Mortgage earnings, meanwhile, swung to a loss.
HEL Business Continues Higher at BofA
Bank of America Corp., which reported a big loss on mortgage litigation expense, managed to lift home-equity production even as overall originations moved lower.
Moderate Decline in Originations at Guild Mortgage
Quarterly business was down at Guild Mortgage Co., though nowhere near as much as at its far bigger rivals.