Residential loan originations were lower last year at SunTrust Banks Inc., while mortgage delinquency turned sharply higher. The servicing portfolio, however, expanded.
Atlanta-based SunTrust revealed in its fourth-quarter 2017 earnings report that income before the provision for income taxes was $668 million during the period.
Earnings were slightly better than the $660 million earned a year prior. But income at the bank-holding company declined from $765 million the prior quarter.
Source: Mortgage Daily