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
