Fundings, Defaults Improve at SunTrust as Earnings Injured
Residential delinquency of between 30 and 89 days as of the end of December fell 7 basis points from the end of the third quarter at SunTrust Banks Inc., according to an analysis of current and prior product.

Home-loan originations increased 17 percent between the third and fourth quarters of last year, SunTrust said.

Mortgage operations swung more than $150 million to a fourth-quarter combined loss at its production and servicing divisions from a third-quarter profit.