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Wells Fargo, JPMorgan Report Shrinking Mortgage Activity

Posted by: In: Real Estate 11 Apr 2014 Comments: 0 Tags: ,
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Two quarterly earnings reports revealed very different results for two major players in the mortgage industry. Wells Fargo and JPMorgan Chase both felt the sting of a shrinking mortgage market, but one bank revealed substantial growth. Wells Fargo reported a record net income of $5.9 billion for the first quarter, an increase of 14 percent from the year-ago quarter and 5 percent from Q4 2013.

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Source: DSNews

    

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