Industry News

First Horizon forecasts $1 billion drop in mortgage originations

Lender to settle class-action lawsuit over origination fees
Published on Aug 29, 2006

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by CareyBot

First Horizon National Corp. said it expects a $1 billion reduction in its mortgage originations in the third quarter, which will help drive earnings down $35 million compared to last quarter. The Memphis-based lender said that in addition to reduced ...