The latest economic and policy trends facing mortgage servicers

Join this webinar for an in-depth roundtable discussion on economic and policy trends impacting servicers as well as a look ahead at strategies servicers should employ in the next year.

2021 RealTrends Brokerage Compensation Report

For the study, RealTrends surveyed all the firms on the 2021 RealTrends 500 and Nation’s Best rankings, asking for annual compensation data for the 2020 calendar year.

Zillow analyst on whether home prices can keep climbing

Today’s episode of HousingWire Daily features an interview with Nicole Bachaud, as she discusses annual and monthly home price appreciation growth, rising inventory levels and rent prices.

Lenders, it’s time to consider offering non-QM products

The non-QM market is making a comeback following a pause in 2020. As lenders rush to implement, Angel Oak is helping them adopt these new lending products.

InvestmentsMortgage

JPMorgan Chase beats 3Q16 revenue expectations

Company sees record loan balances in asset management

JPMorgan Chase's third-quarter 2016 revenues increased 8.3% from last year to $24.7 billion, up from the Capital IQ consensus of $23.69 billion.

The earnings for the third quarter came in at $1.58 per share, $0.19 better than predicted.

Net interest income increased 6% to $11.9 billion, driven primarily by loan growth. Average core loans increased 15% annually and 2% from the second quarter.

“We delivered strong results this quarter with each of our businesses performing well,” JPMorgan Chairman and CEO Jamie Dimon said. “We had record net income in commercial banking and record loan balances in asset management.”

In fact, revenue from mortgage banking increased significantly from last quarter’s loss of $47 million and last year’s gain of $319 million, to a revenue of $1,874 million.

The amount of loans increased slightly from $231.4 billion last quarter and $208.5 billion last year to this quarter’s $234.2 billion. Total loan originations are also up to 27.1 billion from 25 billion last quarter but down from 29.9 billion last year.

Total loans serviced decreased from 880.3 billion last quarter and 929 billion last year to 863.3 billion this quarter.

Latest Articles

Refis stubbornly make a bit of a comeback

The week following Labor Day saw a flurry of mortgage loan application activity, with volume jumping by 4.9% for the seven days ending Sept. 17, according to the MBA. Refis were on the front foot again.

Sep 22, 2021 By
3d rendering of a row of luxury townhouses along a street

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