$6.5 billion first quarter production
By MortgageDaily.com staff
4/28/2004

Quarterly mortgage production inched up at SunTrust Banks Inc.

First quarter production at the Atlanta-headquartered bank totaled nearly $6.5 billion, increasing from the previous quarter's $6.3 billion, spokesman Jim Hines said. In the first quarter 2003, volume was higher at $10.2 billion.

The servicing portfolio had a balance of $70.0 billion at the quarter's end, compared to $59.8 billion a year earlier, Hines added.

The company announced first quarter net income totaled $358.5 million.

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