The Ticker
Strong mortgage banking presence to continue through the year
2/20/13 3:55pm
Strong origination volumes on the back of a refinancing boom and high margins on sale of newly originated mortgages in the secondary market has boosted profitability for banks with a strong mortgage banking presence, including Wells Fargo, US Bancorp and JPMorgan Chase, FBR Capital analyst Paul Miller said in a report.
But some analysts have raised concerns about the sustainability of the refinancing boom and "gain-on-sale" margins.
