Items Tagged with 'SunTrust Mortgage Inc.'


  • Fed releases SunTrust order over $160M mortgage penalty

    Settlements continue to dent lender's profits
    SunTrust's earnings continue to be dragged down by various mortgage settlements, resolving past foreclosure and mortgage issues. Most recently, the Federal Reserve finalized the $160 million penalty related to faulty mortgages announced back in October.
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  • HomeStreet to sell $3B in MSRs to SunTrust

    Preps for Basel III-based regulatory capital standards
    HomeStreet is selling a portion of its single-family mortgage servicing rights to SunTrust Mortgage in preparation for the Jan. 1, 2015, effective date of the new Basel III-based regulatory capital standards.
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  • SunTrust Taps Wells' Risk Guru McLaughlin

    SunTrust Mortgage, Inc. announced today that Denis McLaughlin has been named senior vice president and chief credit officer. McLaughlin will oversee all areas of SunTrust Mortgage's credit risk function including credit policy and exception approval administration, forecasting and decision modeling, analytics and reporting, quality control, fraud mitigation, and third-party risk management.
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