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Items Tagged with 'Fifth Third'

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Fifth Third terminates relationships with wholesale loan brokers

Will focus on correspondent lending
March 10, 2014
"While this was an extremely difficult decision to make, we intend to build on our leadership position in the correspondent market and remain committed to purchasing loans from smaller financial institutions and independent mortgage companies," mortgage head says in letter.
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Here are 6 threats to Fifth Third's mortgage banking operations

Could this happen where you work?
February 24, 2014

These risks are real. For example, even if interest rates were to fall, mortgage originations may also fall. Any increase in mortgage originations may not be enough to offset the decrease in the MSRs value caused by the lower rates, the bank states.


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Fifth Third sets aside $69 million to pay lawyers

Bank manages fourth-quarter profit in litigious circumstances
January 23, 2014
Depending on who you believe, the fourth quarter results at Fifth Third came in either as expected or beat expectations.
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Citigroup markets private-label jumbo mortgage bonds

DBRS assigns high ratings to largest tranches
October 31, 2013
"Compared to other recently-issued prime jumbo transactions, this portfolio contains a very strong FICO score, combined LTV and DTI ratios with much less barbelled distributions," DBRS states.
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17th Bank Failure Could Cost $104 Million: Why?

November 3, 2008
The Federal Deposit Insurance Corp. continued its recent "freaky Friday" streak last week, stepping in at Bradenton, Fla-based Freedom Bank, after the Commissioner of the Florida Office of Financial Regulation closed the bank on Friday after market close. All deposits of the failed bank will head over to Grand Rapids, Mich.-based Fifth Third Bank, the FDIC said.
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