Mortgage production, servicing and revenues all declined on a quarter-over-quarter basis at Fifth Third Bancorp. Residential assets, though moved slightly higher.
The Cincinnati-based firm disclosed in its fourth-quarter 2016 earnings report that income before income taxes was $509 million during the final-three months of last year.
Earnings dropped from the previous three-month period, when the total was $694 million. An even bigger decline was recorded from $949 million a year previous.
Source: Mortgage Daily
