A quarter-over-quarter rise in home lending was reported by BBT Corp. But mortgage earnings and servicing were down, while all three metrics were lower on a year-over-year basis.
The Winston-Salem, North Carolina-based bank-holding company earned $876 million before income taxes, according to its fourth-quarter 2017 earnings report.
Income retreated from the same three months in 2016, when the total was $930 million, and the preceding three months, when BBT earned $942 million.
Source: Mortgage Daily