0 minute readStrong 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.
Articles written by HousingWire Staff are non-bylined, and typically involve press release coverage and aggregation of coverage appearing elsewhere. So who put all these together? Our entire staff does!see full bio
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Articles written by HousingWire Staff are non-bylined, and typically involve press release coverage and aggregation of coverage appearing elsewhere. So who put all these together? Our entire staff does!see full bio
