Tag Archives: Banks Boost Profits From Home Lending

Banks cashed in on mortgages last year, reporting record earnings on mortgages in 2012. Banks’ mortgage profits are finally starting to surpass the cost of the faulty loans and foreclosures that have bogged down many lending arms the last few years. If you are looking for a home loan, view site to get a the best rates available. Four major lenders — Wells Fargo & Co., JPMorgan Chase & Co., Bank of America Corp., and U.S. Bancorp — reported $24.4 billion in home mortgages in 2012. Meanwhile, expenses from loan […]