mortgage 04Banks are steadily shrinking their mortgage portfolios—report

 

This is a mpamag.com article.

 

Big banks are steadily shrinking their mortgage portfolios, according to a new report.

The Office of the Comptroller of the Currency released its quarterly report on mortgages Thursday. The report focuses on mortgage performance in the federal banking system by analyzing data from seven reporting banks: Bank of America, JPMorgan Chase, Citibank, U.S. Bank, Wells Fargo, CIT Bank, HSBC and PNC.

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