Mortgage lending rose about 30 percent at the three biggest US bank originators

Second-quarter mortgage volumes at the largest bank lenders were reported by Brad Finkelstein at American Banker. JPMorgan Chase originated $17.2bn, up 26 percent from the first quarter and up 27 percent from a year earlier. Wells Fargo originated $9bn, up 43 percent on the quarter and up 22 percent on the year. Bank of America wrote $3.5bn in first mortgages and $2.4bn in home equity products. American Banker reported the combined gain of roughly 30 percent ran ahead of market forecasts for single-digit quarterly growth, and read across to production-focused nonbank lenders. No single primary document underlies this brief. Each bank publishes its own quarterly earnings supplement, and the figures are drawn from those separate filings.