Compared to the prior quarter, residential lending turned sharply lower at The PNC Financial Services Group Inc. The servicing portfolio grew, though.
From Jan. 1, 2017, through March 31, income before income taxes and non-controlling interests at the Pittsburgh-based firm came to $1.39 billion.
PNC delivered the details Thursday, as well as additional financial and operational metrics, in its earnings report for the first quarter of this year.
Source: Mortgage Daily