Home > Uncategorized > Mortgage Refinancing Boom Is Expected to Benefit Banks – NYTimes.com

Mortgage Refinancing Boom Is Expected to Benefit Banks – NYTimes.com

October 11, 2012 Leave a comment Go to comments

Federal stimulus has ignited a boom in mortgage refinancing, benefiting both homeowners and banks. And the good times could continue as the government steps up its support of the broad housing market.

The proof will be in the profits.

On Friday, Wells Fargo and JPMorgan Chase, the top two mortgage lenders in the country, are scheduled to report quarterly earnings. Their results — and the wave of other bank reports that follow — will offer clues as to whether the current mortgage boom is sustainable or set to fizzle.

via Mortgage Refinancing Boom Is Expected to Benefit Banks – NYTimes.com.

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