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Origination News | Lender Ranking | Fundings by Lender | Statistics
Quarterly residential mortgage production by lender. Subprime, Alt-A, home equity and conforming originations. Volume by quarter since 2003.
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| Chase's Mortgage Earnings Jump on Servicing
Originations sink, servicing declines
Jan. 13, 2018
By Mortgage Daily staff
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Company-wide quarterly earnings soared at JPMorgan Chase & Co., while mortgage income jumped on soaring servicing revenue. Loan originations sank, and servicing dropped.
In its first-quarter earnings report, Chase indicated that income before income tax expense was $11 billion during the first-three months of this year.
Earnings at the New York-based financial institution jumped from the $8 billion that was earned both in the prior period and in the same three-month period last year.
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Bank news
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Corporate Mortgage News
M e r g e r s, a c q u i s i t i o n s and private and public offerings. Other corporate activity including executive appointments, bankruptcies name changes.
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