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Regions Sees Servicing Gain.
Mortgage Servicing News
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September 01, 2007 |
COPYRIGHT 2007 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright
BIRMINGHAM, AL -- Regions Financial here recouped $38 million in servicing rights value during the second quarter, benefiting from long-term interest rate trends.
Moreover, the company said that its 2006 merger with AmSouth has achieved "ahead-of-plan" cost savings.
The company said that non-interest revenue at Regions Mortgage improved by $3.8 million compared with the ...
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Source: HighBeam Research, Regions Sees Servicing Gain.