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.
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 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.
Few Mortgage Layoffs Precede Potential Job Cuts
Staff reductions at mortgage firms have been relatively mild over the past few months. Conditions appear ripe, however, for an acceleration.
Home Lending Slows at PNC
A quarter-over-quarter slump in mortgage lending at The PNC Financial Services Group Inc. was met with annual production that managed to keep up with the prior year.
BofA 2016 Mortgage Originations Beat 2015
More residential loans were originated last year at Bank of America Corp. than in the prior year. A quarterly improvement was also made by the home lender.
Chase's Staff, Mortgage Originations Increase
Quarterly home-lending volume accelerated at JPMorgan Chase & Co., while the financial institution's human resource assets have been expanding.
3-Year High for Wells Fargo Mortgage Originations
The country's biggest U.S. residential lender and servicer, Wells Fargo & Co., pushed up annual home-loan production to a three-year high.
Mortgage Firms Report Hirings
Several real estate finance firms have reported hundreds of hirings they have recently made, while a number of other organizations still have plans to expand their payrolls.