In Regions Financial Corp.’s mortgage business, earnings were lower and the servicing portfolio diminished. New originations and delinquency improved, however.
Its second-quarter earnings report revealed income from continuing operations before income taxes of $467 million during the three months ended mid-year.
Earnings at the Birmingham, Alabama-based bank-holding company rose from $449 million one year prior. But results came up short versus $542 million in the first three months of 2018.
Source: Mortgage Daily