The right mix of tech and a human touch was found to appease the majority of consumers in a new poll evaluating U.S. mortgage companies.
Read More »Industry Veteran Joins Veptas Board
As a Board member of Veptas Inc. Tony Meola will also focus on developing strategic relationships for its technologies and services.
Read More »What Happened to the Financial Market?
Wells Fargo, Citigroup, and JPMorgan Chase all reported their second quarter financial earnings on Friday before the market opened in the morning; but, despite reporting earnings and total ...
Read More »PNC Names Gus Faucher as Chief Economist
The PNC Financial Services Group, Inc., announced on Wednesday that Augustine (Gus) Faucher will assume responsibility as Chief Economist effective immediately. Faucher succeeds Stuart G. Hoffman, who had served PNC as Chief Economist for 37 years.
Read More »Mortgage Activity is On the Move for Banks in Q2
Wells Fargo, U.S. Bancorp, and PNC Financial Services Group all continued what JPMorgan Chase started, reporting increased mortgage activity for the second quarter of 2016.
Read More »Mortgage Banking Sector Suffers at PNC
The PNC Financial Services Group's residential mortgage banking division faced losses at the start of the year due to losses related to mortgage servicing rights and lower loan sales.
Read More »U.S. Bancorp, PNC Profits and Mortgage Revenues Decline
U.S. Bancorp and the PNC Financial Services Group Inc., reported Friday morning that net income at both banks is down from the previous year, and the results for mortgage banking revenues at both banks followed right along.
Read More »Bank of America More Than Doubles its Q2 Net Income; U.S. Bank & PNC Profitable
Bank of America reported a net income of $5.3 billion for Q2, more than twice the bank's net income from the same quarter in 2014, according to the bank's Q2 2015 earning statement released Tuesday. U.S. Bancorp and PNC also posted solid growth in Q2 with net incomes of $1.48 billion and $1.0 billion, respectively, Tuesday in their earnings statements.
Read More »PNC Reports Solid First-Quarter Earnings
PNC Financial Services Group released its quarterly earnings, reporting a net income of $1.1 billion, or $1.82 per diluted common share. The group found that consumer lending decreased by $1 billion, from "lower home equity, residential mortgage and education loans as well as seasonal declines in credit card loans partially offset by growth in automobile loans."
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