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January 12, 2018

Short Takes: PNC Bank's Mortgage Revenue Declined/KBRA Expects Growth in PLS/Fed Reserve Bank of NY Positive on 2018 Outlook

By Thomas Ressler

PNC Bank made a relatively paltry $29 million in noninterest income on its mortgage business in the fourth quarter of 2017.

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Poll

With mortgage production down noticeably this year from 2017, how many lenders might disappear via M&A or failure during the next 12 months?

10% or less. It’s not that bad out there.
11% to 25%. It’s a challenging market.
25% to 40%. It’s going to be very ugly.
No opinion.

vote to see results