AccessMyLibrary provides FREE access to over 30 million articles from top publications available through your library.
Close
Create a link to this page
Copy and paste this link tag into your Web page or blog:
<a href="http://www.accessmylibrary.com/article-1G1-133287819/servicing-bolsters-boa-first.html" title="Facts and information about Servicing Bolsters BoA's First Quarter.(Bank of America)(Brief Article)">Servicing Bolsters BoA's First Quarter.(Bank of America)(Brief Article)</a>
Close
Set up an RSS feed that alerts you when new articles from Mortgage Servicing News are available.
Frequently asked questions about RSS feeds
Servicing Bolsters BoA's First Quarter.(Bank of America)(Brief Article)
Charlotte, N.C. -- Benefiting from its acquisition of FleetBoston Financial Corp., Bank of America reported record quarterly earnings of $4.7 billion in the first quarter of this year, despite a sharp decline in mortgage lending volume.
Home loan originations declined by 26% compared to the first quarter of last year, but servicing gains helped offset lower loan origination revenue.
But the bank said that mortgage banking profits increased compared to a year earlier, and rising mortgage servicing rights appear to be one of the reasons.
Bank of America said that higher trading profits and mortgage banking income helped offset seasonal weakness in other sources of fee income.
In the first quarter of this year, Bank of America's mortgage ...
Related articles from newspapers, magazines, journals, and more
For more facts and information, see all results
- Accounting for mortgage servicing rights.
- Magazine article from: The National Public Accountant Reynolds, Brian M. September 1, 1995 700+ words
...s SFAS No. 122, Accounting for Mortgage Servicing Rights, amending SFAS No. 65...reconsider the accounting treatment of mortgage servicing rights. The MBAA wanted the FASB...the accounting distinction between mortgage servicing rights chat are acquired through...
- CONSOLIDATION OF NATIONSBANK RESIDENTIAL MORTGAGE SERVICING PROCESSING...
- Press release article from: PR Newswire December 17, 1991 700+ words
...CONSOLIDATION OF NATIONSBANK RESIDENTIAL MORTGAGE SERVICING PROCESSING ACTIVITIES, AND THE PLANNED SALE OF MORTGAGE SERVICING UNIT ANNOUNCED CHARLOTTE, N...Consolidation of NationsBank residential mortgage servicing and processing activities, and...
- PNC'S CITIZENS FIDELITY BANK CLOSES ACQUISITION OF COWGER & MILLER MORTGAGE...
- Press release article from: PR Newswire June 8, 1992 700+ words
...ACQUISITION OF COWGER & MILLER MORTGAGE SERVICING PORTFOLIO PITTSBURGH, June 8 /PRNewswire...has closed its acquisition of the mortgage servicing portfolio of Cowger & Miller...by Citizens Fidelity Bank's PNC Mortgage Servicing Company. The acquired portfolio...
- PNC'S CITIZENS FIDELITY BANK SIGNS AGREEMENT TO ACQUIRE COWGER & MILLER...
- Press release article from: PR Newswire March 24, 1992 700+ words
...TO ACQUIRE COWGER & MILLER MORTGAGE SERVICING PORTFOLIO PITTSBURGH, March 24...definitive agreement to purchase the mortgage servicing portfolio of Cowger & Miller...will purchase a $1.5-billion mortgage servicing portfolio, consisting of approximately...
- Servicing profits and performance. (mortgage servicing)(Cover Story)
- Magazine article from: Mortgage Banking Oliver, Geoffrey McDonald, Laura June 1, 1997 700+ words
...1994. If you are trying to evaluate mortgage servicing performance, especially in terms...Standard No. 122, "Accounting for Mortgage Servicing Rights," companies evaluating their...on assets (after amortization of mortgage servicing rights) of 8.4 percent decreased...
- Mortgage servicing, appraisal reform bill clears House committee.(Briefing Book)
- Magazine article from: Mortgage Banking December 1, 2007 700+ words
...approved a bill designed to improve mortgage servicing standards and enhance real estate...filed, the Escrow, Appraisal and Mortgage Servicing Improvements Act (H.R. 3837...borrower protections by improving mortgage servicing practices and requiring escrows for...
- Accounting for originated mortgage servicing rights.
- Magazine article from: The Tax Adviser O'Connell, Frank J., Jr. September 1, 2001 700+ words
...purposes, the bank records originated mortgage servicing rights in accordance with Statement...by amortization of the originated mortgage servicing asset that had been created when...which the amounts received under a mortgage-servicing contract should be reported for tax...
- Hibernia to Sell Mortgage Servicing Portfolio, Will Continue to Originate...
- Press release article from: Business Wire August 19, 2004 700+ words
...the third-party mortgage servicing business. We will...options related to mortgage servicing rights," said Herb...occur in first-quarter 2005. The company...work in Hibernia's mortgage-servicing operation, located...
- The art of specialist mortgage servicing. (News).(mortgage processing services...
- Magazine article from: Australian Banking & Finance Tuttle, Patrick April 30, 2002 700+ words
...institutions. Driving the growing mortgage servicing sector are two major pillars which...operational abilities of servicers in the mortgage servicing industry. This evaluation process...whether in-house or outsourced mortgage servicing is more appropriate. Advocates of...
- NovaStar Financial, Inc. Agrees to Sell Mortgage Servicing Rights in a Move to...
- Press release article from: PR Newswire October 16, 2007 700+ words
...definitive agreement to sell all of its mortgage servicing rights and servicing advances relating...serve homeowners." The sale of mortgage servicing rights to Saxon means that collection...procedures and contact information. Mortgage servicing rights are an asset representing...
Source: HighBeam Research, Servicing Bolsters BoA's First Quarter.(Bank of America)(Brief...