Mortgage Daily

Published On: February 6, 2006
Mixed SunTrust Results

$13.2 billion 4th quarter originations

February 6, 2006

By COCO SALAZAR

photo of Coco Salazar
SunTrust Bank Inc.’s quarterly production slipped, but annual fundings painted another picture.

With $13.2 billion in mortgages closed in the last quarter of 2005, the Atlanta-based bank did not sustain the record $14.6 billion set in the third quarter, according to figures e-mailed by SunTrust spokesman Jim Hines. The latest total, however, is much better than $7.9 billion in the fourth quarter 2004.

In all of 2005, production totaled $47.7 billion, soaring above the prior year’s fundings of $30.2 billion.

The servicing portfolio ended the year at $105.6 billion with 733,657 loans, Hines said.

SunTrust announced net income of $513.8 million rose about $3.0 million from the third quarter.


 

Coco Salazar is an assistant editor and staff writer for MortgageDaily.com. e-mail: [email protected]


FREE CALCULATORS TO HELP YOU SUCCEED
Tools for Your Next Big Decision.

Amortization Calculator

Affordability Calculator

Mortgage Calculator

Refinance Calculator

FHA Mortgage Calculator

VA Mortgage Calculator

Real Estate Calculator

Tags

Pre-Approval Resources!

Making well educated decions in a matter of minutes and stay up to date on the latest news Mortgage Daily has to offer. Read our latest articles to stay up to date on what’s going on…

Resource Center

Since 1998, Mortgage Daily has helped millions of people such as yourself navigate the complicated hurdles of the mortgage industry. See our popular topics below, search our website. With over 300,000 articles, we are guaranteed to have something for you.

Your mortgages approval starts here.

Add 1-2 sentence here. Add 1-2 sentence here. Add 1-2 sentence here. Add 1-2 sentence here. Add 1-2 sentence here.

Stay Up To Date with Today’s Latest Rates

Mortgage

Today’s rates starting at

4.63%

5/1 ARM
$200,000 LOAN

Home Refinance

Today’s rates starting at

4.75%

30 YEAR FIXED
$200,000 LOAN

Home Equity

Today’s rates starting at

3.99%

3 YEAR
$200,000 LOAN

HELOC

Today’s rates starting at

2.24%

30 YEAR FIXED
$200,000 LOAN