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| SunTrust Banks Inc. could not sustain its record pace of production.
Third quarter mortgage volume amounted to $13.7 billion, according to data provided by SunTrust spokesman Jim Hines. The 3-month period was off from the second quarter’s milestone level of $15 billion and from $14.6 billion achieved in the third quarter 2005. The Atlanta-based lender’s $124.8 billion servicing portfolio at the quarter’s end contained 827,080 loans, Hines added. SunTrust announced its net income decreased from the second quarter to $535.6 million. |
Coco Salazar is an assistant editor and staff writer for MortgageDaily.com. e-mail: [email protected]
