November 18, 2024 9:27 am
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Nation’s top 2 mortgage lenders see big jump in originations

mortgage lenders

mortgage lendersBy Ruth Mantell | MarketWatch

The country’s No. 1 and 2 mortgage lenders reported strong growth for new home loans, according to financial reports released Tuesday that point to a housing market that’s picking up some steam.

Wells Fargo WFC, +0.16% the largest U.S. mortgage producer, reported that second-quarter originations hit $62 billion, up 32% from a year earlier. Meanwhile, J.P. Morgan Chase JPM, +0.23% said its originations reached $29 billion, up 74% from a year earlier.

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Related: Foreclosure Inventory Rapidly Disappearing/Mortgage News Daily

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