One of the banks that led the industry's charge into mortgage banking last year is having a tough time of it.

First Security Corp. of Utah, which purchased Crossland Mortgage last May, says falling loan demand and stiff competition have taken a toll on the unit and hurt the parent company's earnings.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.