Mortgage Daily

Published On: October 24, 2018
Corporate Mortgage News

 


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Last Updated October 24, 2018 11:39 AM Central

 

 

5th 3rd Mortgage Revenues Sink, Originations Drop
As quarterly home-lending volume declined at Fifth Third Bancorp, so did mortgage revenues and company-wide headcount. However, residential servicing and commercial real estate assets grew.Mortgage Revenues Sink at Flagstar
Revenues at Flagstar Bancorp Inc.’s home-lending business sank. But the financial institution has grown its mortgage asset and servicing portfolios over the past year.

Mortgage Earnings Fall at BBT, Originations Ease
As home-lending volume slowed at BB&T Corp., mortgage earnings tumbled. But the financial institution grew both its mortgage investments and servicing portfolio.

Retail Drives Down SunTrust’s Home Lending
A sharp decline in quarterly retail originations at SunTrust Banks Inc. drove overall home lending lower as mortgage earnings sank. But the size of the financial institution’s mortgage servicing portfolio has increased over the past year.

KeyCorp Mortgage Investments Yet to Pay Off
Investments in mortgage origination staff and a financial institution with a mortgage business have yet to pay off for the parent of KeyBank.

Business, Earnings Improve at MGIC
New quarterly business was solidly higher at MGIC Investment Corp., as were earnings. Also improving was the rate of delinquency on its book of business.

US Bank Grows Mortgage Assets, Lifts Originations
U.S. Bancorp increased home lending activity and expanded the size of its residential investment portfolio. But mortgage earnings deteriorated, while servicing was reduced.

First Republic Bank’s Mortgage Originations Tumble
A 15 percent quarter-over-quarter reduction was reported for First Republic Bank’s home-lending volume. As the servicing portfolio was reduced, residential assets expanded.

Record BofA Pre-Tax Earnings as Home Lending Drops
Quarterly record pre-tax earnings were reported by Bank of America Corp. In the mortgage business, loan production tumbled on a linked-quarter and year-over-year basis.

Citi Mortgage Originations and Delinquency Up
Citigroup Inc. nudged up quarterly home lending. But the residential servicing portfolio continued its contraction, delinquency deteriorated, and mortgage earnings were weaker.

 
The Mortgage Graveyard
Failed, closed and a c q u i r e d mortgage-related entities.
 



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