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Regional Lenders Add To Chorus Of Banks Warning of Mortgage Declines

BIZCATALYST 360°
BY BIZCATALYST 360°

arge regional lenders SunTrust Banks Inc. ( STI ) and Regions Financial Corp. ( RF ) warned investors Tuesday of a fall- off in the mortgage business, adding to the growing chorus of banks who expect their home-lending operations to take a hit as a plunge in loan refinancing weighs on the industry. SunTrust Chairman and Chief Executive Officer William Rogers Jr. said at an investor conference that its mortgage applications declined by about 40% in July and August from the second quarter, citing a decline in refinancing.

via Regional Lenders Add To Chorus Of Banks Warning of Mortgage Declines – Update – NASDAQ.com.

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WE ARE THE AWARD-WINNING PUBLISHING DIVISION OF 360° NATION —PRESENTING OUR LIFE, CULTURE, AND BIZ MULTIMEDIA DIGEST AS A HUB OF CREATIVE EXPRESSION AND PERSONAL GROWTH. WITH AN EMPHASIS ON ACTION, OUR VAST GLOBAL CONTRIBUTOR COMMUNITY EMPOWERS PEOPLE TO TRANSITION FROM KNOWING WHAT TO DO TO ACTUALLY DOING IT —ALL COMPLEMENTED BY SYNDICATION RELATIONSHIPS WITH A CHOICE GROUP OF EQUALLY INNOVATIVE MEDIA OUTLETS. TODAY AND EVERY DAY, WE SIMPLY DELIVER THE VERY BEST INSIGHTS, INTELLIGENCE, AND INSPIRATION AVAILABLE ANYWHERE —DOING IT OUR WAY BY PLACING OUR WRITERS AND OUR AUDIENCE AT THE FOREFRONT. IT'S MAGICAL. IT'S EVERGREEN. AND QUITE FRANKLY, IT'S JUST GOOD STUFF. PERIOD.

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