Mortgage Revenue Jumps at Large Banks

Lending by the 25 largest banks for single-family loans has exploded so far this quarter, rising $11.2 billion, or at an annualized pace of 56%, to a non-seasonally adjusted basis of $4 trillion for the week ended May 9, according to recent figures published by the Federal Reserve.

Article source: http://www.nationalmortgagenews.com/dailybriefing/residential-lending-large-banks-2Q12-1030655-1.html

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