While quarterly mortgage earnings and originations held up from the prior period at U.S. Bancorp, both retreated from a year ago. Residential holdings expanded, though.
From July 1 through Sept. 30 of this year, the financial institution earned $2.2 billion before taxes, according to its third-quarter earnings report.
Company-wide income at the Minneapolis-based organization was little changed compared to $2.1 billion in the previous quarter and the same quarter last year.
Source: Mortgage Daily