Items Tagged with 'Mortgage Banking'

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BB&T reports record year for earnings in 2016

But residential mortgage loans decreased in Q4
BB&T reported record earnings for 2016, and fourth quarter earnings significantly higher than the previous year. However, these increases were not driven by residential mortgage loans which actually decreased in the fourth quarter of 2016.
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Citi keeps moving away from the mortgage business

Credit cards are where it's at
Citicorp net income increased to $3.5 billion, from $2.8 billion in the prior year period, primarily driven by the higher revenues as well as lower operating expenses and lower cost of credit. However, this isn't due to expansion in the mortgage market.
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KBW: What Wells Fargo, Chase 4th quarter results mean for the rest of the industry

A deeper dive at the big banks' mortgage banking earnings
While the fourth-quarter results for Wells Fargo and JPMorgan Chase were decidedly mixed, with JPMorgan significantly exceeding and Wells Fargo missing market expectations, there was one common denominator among the big banks’ earnings – lower earnings from mortgage banking. But what should the market make of those results?
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