Improving Mortgage Origination Activity Likely To Extend Into Q4

While the impact on banks such as Bank of America and Citigroup, which were forced to slash their mortgage operations in the wake of the recession, has been negligible, those such as Wells Fargo and U.S. Bancorp – which bulked up their mortgage banking businesses considerably after the economic downturn – have been hit the most. The steady increase in the number of mortgage applications over the …

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Improving Mortgage Origination Activity Likely To Extend Into Q4