HomeStreet scales down mortgage originations, takes 1Q profit loss

Net gain on single family mortgage loan origination and sale activities in the second quarter was $67.5 million compared to $60.7 million in the first quarter of this year, primarily due to an 11.

JPMorgan’s results in home lending reflect the problems. In the first quarter, average mortgage loans dropped 1% to $238.9 billion. mortgage originations fell 18% to $15 billion. Total revenue from home loans declined 11% to .3 billion. dimon said in his shareholder letter that the bank may need to make material changes to its mortgage.

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