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American Banker
Big Banks' Mortgage Volume Soars, But Profits May Still Be Grounded
It sounds liked a great business formula: home loans soared at several megabanks last quarter after they spent months cutting thousands of jobs to save costs. But executives remain concerned about profit potential because market shifts and new regulations are making mortgage lending more expensive.
7/25/2014 3:47:00 PM
American Banker
PHH's CEO Messina Also to Head Mortgage Unit
PHH Corp. has put its president and CEO in charge of its mortgage subsidiary, the unit's fourth top executive in two years.
7/25/2014 3:04:00 PM
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