Quantcast
Home / News / Financial Services / Profits soar at two largest mortgage lenders

Profits soar at two largest mortgage lenders

Is the mortgage market really back? The country’s two biggest mortgage lenders, Wells Fargo and JPMorgan Chase, reported Oct. 12 that a surge in home lending pushed them to record profits. JPMorgan CEO Jamie Dimon declared that the housing market “has turned the corner.” Wells Fargo CEO John Stumpf said, “Every quarter, we have more confidence.” Wells said ...

About The Associated Press