Tag Archives: Wells

The nation’s largest mortgage lenders Wells Fargo ($33.00 -0.12%) and JPMorgan Chase ($42.72 -0.5%) originated more mortgages in the first quarter as each inch toward a cleaner portfolio. Both banks beat earnings estimates during the quarter. Wells’ mortgage originations totaled $129 billion in those three months, up from $84 billion last year. Chase’s originations grew 6% over the same period to $38.4 billion in the first quarter. Wells CEO John Stumpf said in a conference call with investors Friday the bank was seeing improvements in the housing market, specifically parts […]