trending Market Intelligence /marketintelligence/en/news-insights/trending/jGrBqoxLbq2RKAbvSSE3kA2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

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

Banking Essentials Newsletter - November Edition

University Essentials | COVID-19 Economic Outlook in Banking: Rates and Long-Term Expectations: Q&A with the Experts

Estimating Credit Losses Under COVID-19 and the Post-Crisis Recovery

StreetTalk – Episode 70: Banks' Liquidity Conundrum Could Fuel M&A Activity


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.