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Housing starts decreased 0.5% last month to a 1.35 million annualized rate, according to government data released Friday, after a big rebound in August.

The Cincinnati-based bank aimed for consistency in the third quarter as it built on strategic initiatives. Executives expect "record" net interest income next year.

The company expects that a previously announced sale of its residential mortgage servicing business will reduce its workforce by an additional 1,200 employees when the transaction is completed this quarter.

The strategic investment in the shared appreciation platform comes after capital raises at similar businesses last month.

Fannie Mae didn't change its estimate for total originations this year.

Losses related to natural disasters and other perils rose for the seventh year, and that costs both insurers and consumers more money, LexisNexis said.

The Dallas bank has spent the last three years building itself into a new company. Now, it has to prove the investments will pay off.

A measure of housing market conditions from the National Association of Home Builders and Wells Fargo increased for a second straight month in October.

The North Carolina-based company expects its revenue to outpace expenses next year — a goal that has proven elusive over the five years of Truist's existence.

The Buffalo, New York-based bank said its commercial real estate portfolio continued to shrink, but this was more than offset by business and consumer lending.