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Chase's Mortgage Servicing Down, Assets Up

While there was little change in quarterly mortgage originations at JPMorgan Chase & Co., the residential servicing portfolio declined as mortgage assets grew.

Income before income tax expense at the bank-holding company came to $9.7 billion in the three months ended June 30, surging from $8.3 billion the prior quarter.

Those details, along with other operational and financial results, were presented by the New York-based organization in its second-quarter 2017 earnings report.


Source: Mortgage Daily