BB&T-Suntrust Deal May Alter Mortgage Market, Susquehanna Says

A combined BB&T Corp. and SunTrust Banks Inc. would create a top mortgage originator and servicer, Susquehanna’s Jack Micenko said via an email.

That might have implications across the U.S. mortgage market, including for Wells Fargo & Co. In recent years, San Francisco-based Wells Fargo and other banks have ceded mortgage business to other firms, like Quicken Loans Inc., which eclipsed the San Francisco-based bank in part of the home-loan industry during the last three months of 2017.

Earlier, SunTrust and BB&T said they’re merging in an all-share deal valued at about $66 billion, the biggest global bank deal ...