Chase, Wells Mortgage Results Benefit from Higher Margins

October 14, 2022

National Mortgage News, Oct. 14, 2022–Brad Finkelstein (subscription)
While mortgage origination activity came in below expectations at both JPMorgan Chase and Wells Fargo, both benefited from higher per loan gain-on-sale margins, according to Keefe, Bruyette & Woods’ initial read on both banks’ third quarter results.
https://www.nationalmortgagenews.com/news/chase-wells-mortgage-results-benefit-from-higher-margins