JPMorgan Chase and Wells Fargo Reported A Significant Decline In Home Lending Revenues

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In: Realtor News

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JPMorgan Chase and Wells Fargo, the nation’s largest mortgage lender, reported third-quarter results on Friday. Both banks reported a significant decline in home loan income due to high-interest rates. Wells Fargo’s home loans in Q3 2022 totaled $21.5 billion, downContinue Reading

As the Mortgage Market Weakens JPMorgan Chase Lays Off Hundreds of Employees

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In: Realtor News

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Last updated on June 27th, 2022 at 01:06 pmJPMorgan Chase (NYSE: JPM) reportedly laid off hundreds of employees in its home lending unit and transferred hundreds more to other parts of the bank as mortgage pressure to buy loans andContinue Reading