Rising Mortgage Originations at Citizens to Slow
Home lending inched up on a quarter-over-quarter basis and soared on a year-over-year basis at Citizens Financial Group Inc., though a slowdown is in the offing.
Mortgage Originations, Servicing Grow at SunTrust
In addition to increasing the quarterly volume of its home lending, SunTrust Banks Inc. expanded the size of its residential loan servicing portfolio.
MGIC Earnings Soar as Business Slows
Even though new quarterly business fell at Mortgage Guaranty Insurance Corp., quarterly earnings at its parent improved.
Mortgage Business Diminishes at BB&T
Quarterly home-lending volume at BB&T Corp. turned lower as the size of both the mortgage servicing and investment portfolio was reduced.
Mortgage Closing Rate Improves
A bigger share of home loan applications closed last month -- especially compared to a year ago. Purchase and conventional loans had the best closing rate.
Mortgage Business Shrinks at Citi
In addition to a quarterly and annual decline in home lending, Citigroup Inc. reduced its mortgage servicing portfolio and residential investments.
Mortgage Originations Fall at U.S. Bank
Quarterly home lending activity retreated from the previous period at U.S. Bancorp. In addition, new applications taken point to a further slowdown this quarter.
Mortgage Refinance Applications Outpace Purchases
While weekly home-purchase activity descended, an increase in mortgage refinance business led overall residential loan application volume higher.