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Tag Archives: Mortgage Lenders

A Credit Shuffle Among Mortgage Lenders

Fewer mortgage lenders are reporting that they are loosening credit standards, and many do not expect credit to become more accessible over the next few months, according to data from Fannie Mae.

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JPMorgan Chase Reports Record Earnings for 2014; Wells Fargo Net Income Up 5 Percent

Two of the nation's largest mortgage lenders, JPMorgan Chase and Wells Fargo, reported year-over-year increases in their net incomes for 2014, according to the banks' respective earnings statements released on Wednesday. JPMorgan Chase reported a record net income of $21.8 billion for the full year of 2014, up from 2013's net income of $17.9 billion. The firm's earnings per share for 2014 was $5.29, which was also a record (for 2013, earnings per share was $4.35). Revenue experienced s slight decline, however, from $99.8 billion in 2013 down to $97.9 billion in 2014.

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