In addition to increasing the quarterly volume of its home lending, SunTrust Banks Inc. expanded the size of its residential loan servicing portfolio.
From Oct. 1, 2016, through Dec. 31, SunTrust earned $660 million before the provision for income tax, less than $691 million three months earlier.
The Atlanta-based company disclosed the results, along with other operational and financial metrics, in its fourth-quarter 2016 earnings report.
Source: Mortgage Daily
