Pursuits
Jump in Home Loans at Wells Fargo, JPMorgan Shows Revival
This article is for subscribers only.
Wells Fargo & Co. and JPMorgan Chase & Co. posted their largest mortgage-lending gains in more than a year as the recovery in the market gains momentum.
Wells Fargo made $49 billion in home loans in the first quarter, an increase of 36 percent from a year earlier, the company said today in its earnings report. JPMorgan generated $24.7 billion in mortgages, up 45 percent, the bank said today.