The 5 largest U.S. banks originated residential mortgages worth almost $112 billion in Q2 2017. This is a notable improvement from a figure of just $96 billion in the previous quarter, but is well below the figure of $129 billion a year ago.
The 5 largest U.S. banks originated residential mortgages worth less than $111 billion in Q1 2017 – a figure which is considerably smaller than the $143 billion in first mortgages originated in the previous quarter.
WASHINGTON (dpa-AFX) - Discover Financial Services (DFS) on Tuesday said it
is closing the mortgage origination business it acquired in 2012 to focus on its
profitable direct banking products for which it sees greater opportunities for
There was a notable improvement in mortgage activity in Q2 2014, with data compiled by the Mortgage Bankers Association estimating that $267 billion in mortgages were originated over the period compared to $226 billion in Q1 2014 – an 18%...
The uncertainty over interest rates due to the Fed’s tapering plan is likely to keep the demand for fresh mortgages depressed. Meanwhile, the banks are also done sifting through their mortgage application pipeline – leaving few avenues for...
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