trending Market Intelligence /marketintelligence/en/news-insights/trending/jGrBqoxLbq2RKAbvSSE3kA2 content esgSubNav
In This List

Noninterest mortgage income at US banks grew modestly in Q2'18

Blog

Spotlight on sustainability: How banks can overcome the challenges of achieving net-zero emissions by 2050

Blog

Insight Weekly: US election scenarios; borrowing costs rise; commercial REIT fears

Podcast

Street Talk | Episode 100 - KBW CEO offers optimism for bears fearful of bank liquidity, credit

Blog

Insight Weekly: Stocks endure more pain; bank branch M&A slows; debt ratios fall


Noninterest mortgage income at US banks grew modestly in Q2'18

Noninterest mortgage income was almost flat in the second quarter of 2018.

U.S. banks and thrifts reported $4.35 billion in noninterest income from the sale, servicing and securitizing of one- to four-family mortgages in the second quarter. This was higher than the $4.31 billion posted in the first quarter of 2018 and the $3.74 billion in the year-ago quarter.

SNL Image

Mortgage servicing assets in the bank and thrift industry reached $43.93 billion as of June 30, up from $43.05 billion in the previous quarter and $39.14 billion a year ago.

Wells Fargo & Co.'s mortgage servicing assets grew 2.2% quarter over quarter to $16.82 billion, which was higher than the aggregate for the next six banks on the list.

SNL Image

SNL Image

Did you enjoy this analysis? Click here to set up real-time alerts for data-driven articles on the U.S. financial sector.