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Mortgage Originations, Servicing Down at Chase

Mortgage income was down at JPMorgan Chase & Co., which doesn’t expect much impact from the new tax law. Home lending and servicing declined.

Prior to income tax expense, the New York-based organization earned $8.3 billion during the three months ended Dec. 31, not as much as $8.7 billion the same quarter in 2016.

Those details, as well as other financial and operational metrics, were covered in Chase’s fourth-quarter 2017 earnings report released on Friday.


Source: Mortgage Daily