Jon Prior writes April 13 at Housing Wire:
The nation's largest mortgage lenders Wells Fargo ($32.84 -1.18%) and JPMorgan Chase ($43.21 -1.63%) originated more mortgages in the first quarter as each inch toward a cleaner portfolio.
Both banks beat earnings estimates during the quarter. Wells' mortgage originations totaled $129 billion in those three months, up from $84 billion last year. Chase's originations grew 6% over the same period to $38.4 billion in the first quarter.
Read more here.
- 2015: Why's the Oil Price Collapsing? Answer: $8+ Trillion Carry Trade
- GUNDLACH: The Consensus Is Wrong — Interest Rates Could Sink To Levels We Haven't Seen In Decades
- Rapid fall in oil prices may portend global recession
- Ruble Rout Accelerates as Russia's Central Bank Stands Aside
- For 90% Of Americans: There Has Been No Recovery
- Fed Exit a Blue Pill?
- The dollar's 70-year dominance is coming to an end
- Why Piketty's Wealth Data Are Worthless
- Stiglitz: 'Very uncomfortable' with stock levels
- A Recovery Stymied by Redistribution
- Behind the Productivity Plunge: Fewer Startups
- For most families, wealth has vanished
- The Blue-State Path to Inequality
- Clinton Library's Doc Dump Reveals CRA Fueled Subprime Bubble
- US Housing Market Is Down For The Count