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.
Mortgage Originations Sink at Wells Fargo
New mortgage business tumbled to the lowest level in more than a decade at Wells Fargo & Co. A decline in junior lien holdings more than offset an increase in first mortgage assets.
Chase Shrinks Mortgage Business
Home lending fell to the lowest level during any quarter in at least 11 years at JPMorgan Chase & Co. The company also cut its servicing portfolio, reduced its mortgage assets and eliminated mortgage jobs.
Underwriter Wins Appeal in Overtime Lawsuit
A federal appeals court has brought a mortgage underwriter's lawsuit back to life after the case was dismissed more than two years ago.