PAINFUL TRANSITION: Mortgage purchases continue to 'gain momentum,' but they are 'not nearly enough' to offset the decline in refinancings, SunTrust CEO William Rogers said.

SunTrust's Struggle Crystallizes Mortgage Dilemma Facing Banks

Executives at SunTrust hope higher interest rates eventually translate into more new mortgages and wider margins, but the hit to its refinancing business is forcing cost cuts and balance sheet adjustments now.

To continue, please log in, register or subscribe.
Already a subscriber? Log in here
Please note you must now log in with your email address and password.

Already a subscriber? Log in here
Please note you must now log in with your email address and password.