Speaking at a Morgan Stanley conference, the CEO noted that mortgage delinquencies and foreclosures have come down and servicing costs are coming down too. "Servicing will be a good business. And it is a business we are good at," he added.
On the loan production side, JPMorgan Chase (JPM) is ranked second in single-family originations. The giant bank is continuing to expand its branch network, which is currently responsible for half of the company’s originations, writes National Mortgage News.