| SunTrust Fundings Up
$6.5 billion first quarter production April 28, 2004 By MortgageDaily.com staff |
| Quarterly mortgage production inched up at SunTrust Banks Inc.
First quarter production at the Atlanta-headquartered bank totaled nearly $6.5 billion, increasing from the previous quarter’s $6.3 billion, spokesman Jim Hines said. In the first quarter 2003, volume was higher at $10.2 billion. The servicing portfolio had a balance of $70.0 billion at the quarter’s end, compared to $59.8 billion a year earlier, Hines added. The company announced first quarter net income totaled $358.5 million. |
