In Q2 2025, JPMorgan Chase and Wells Fargo reported substantial increases in mortgage originations, surpassing industry expectations due to seasonal factors. JPMorgan originated $13.5 billion, a 44% rise from Q1, primarily driven by retail lending, while Wells Fargo's originations reached $7.4 billion, up 68% from the previous quarter. Despite the volume increase, both banks experienced lower profit margins attributed to rate volatility. Additionally, JPMorgan's mortgage servicing rights reached $9 billion, while Wells Fargo saw a decline in servicing income, indicating challenges in the market despite higher production volumes.
JPMorgan Chase's mortgage originations surged to $13.5 billion in Q2 2025, marking a 44% increase from Q1 and a 26% year-over-year rise.
Wells Fargo experienced $7.4 billion in mortgage originations, up 68% quarter-over-quarter and 40% compared to Q2 2024, driven by a strong market focus.
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