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Jump in Home Loans at Wells Fargo, JPMorgan Shows Revival

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.