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Volume 22 - Number 9

April 27, 2018

Downloads Available: Mortgage Earnings Snapshot: 1Q18


Megabanks Suffered Mega Declines in Lending

The nationís largest depositories posted weak origination results for the first quarter Ė noticeably weaker than some of the top-ranked nonbanks they compete against. According to an analysis by Inside Mortgage Trends, market leader Wells Fargo suffered a 19.5 percent sequential origination decline while its three closest bank competitors Ė JPMorgan Chase, U.S. Bank, and Bank of America Ė fared even worse. The number two-ranked JPM ... [Includes one data chart]

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Poll

Do mortgage lenders really need a new credit-scoring model or is the current FICO system adequate?

It’s fine. Stick with what works.

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