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.
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.
Hurricanes Behind Soaring Mortgage Delinquency
One-month delinquency on mortgages soared nearly a half-percentage point last month driven by deterioration in states impacted by the recent hurricanes.
MGIC Earnings Leap as Delinquency Sinks
Quarterly earnings at MGIC Investment Corp. soared on a year-over-year basis, while new business improved on a quarter-over-quarter basis. Delinquency sank.
US Bank Mortgage Income, Lending Down from Yr Ago
While quarterly mortgage earnings and originations held up from the prior period at U.S. Bancorp, both retreated from a year ago. Residential holdings expanded, though.
Serious Mortgage Delinquency Inches Up, Could Worsen
There was an up tick last month in the rate of serious mortgage delinquency. Recent natural disasters could push the rate ever higher over the next few months.
Mortgage Business Expands at First Republic Bank
Single-family lending activity was stronger than a year ago at First Republic Bank. The residential servicing and asset portfolios both continued to expand.
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. There was a quarter-over-quarter increase in the servicing portfolio.
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.