Quarterly mortgage earnings and originations significantly deteriorated from a year earlier at BB&T Corp., while mortgage delinquency worsened from the previous period.

In its earnings report for the third quarter, the Winston-Salem, North Carolina-based bank-holding company disclosed $942 million in income before income taxes.

Earnings improved from $915 million during the same three-month period last year. But income was modestly off from the preceding quarter, when $978 million was earned.

Source: Mortgage Daily