As home-lending volume slowed at BB&T Corp., mortgage earnings tumbled. But the financial institution grew both its mortgage investments and servicing portfolio.
For the three months that finished on Sept. 30, BB&T’s income before income taxes was $1.0 billion, according to its third-quarter earnings results.
Income at the Winston-Salem, North Carolina-based bank-holding company ascended from $0.9 billion the same three months a year ago. A tiny improvement was reported versus the preceding period.
Source: Mortgage Daily