Review Mortgage Lenders

Republic Mortgage

Republic Mortgage Republic Mortgage has a long history of helping people achieve their dreams of homeownership through rock solid financial ...

Slow spring home buying drags big bank mortgage results

Wells' originations were $50 billion, up on a consecutive quarter basis, but down from $56 billion a year ago. Servicing income was $406 million, down from the first quarter's $468 million, but up slightly from $400 million in the second quarter of 2017.

At JPMorgan Chase, home lending revenue fell to $1.35 billion compared to the first quarter's $1.51 billion, and was also lower than almost $1.43 billion in the second quarter of 2017.

Originations at JPMorgan Chase rose to $21.8 billion from the previous quarter's $18.2 billion, but were down from $26.2 billion during the same period last year. Net mortgage servicing revenue was $231 million, down from the first quarter's $370 million and $249 million a year ago.

Citigroup's mortgage unit generated $140 million in revenue, which represented a 5% decline from the first quarter and a 25% drop from the second quarter of last year.

Originations at Citi rose by 13% to $2.6 billion from $2.3 billion in the first quarter but were down by 16% from $3.1 billion a year ago. Citi decided last year to sell off much of its servicing.

Commentary: Summer 'movecation' is no holiday

• They'll puzzle their way through the Mystery of the Incredible Shrinking House, and wonder how they could move into a place that has nearly twice the square footage of their previous home, yet still doesn't have room for a dining room table.

• They'll thrill in the Intrigue of Grandma's Canning Cupboard: Will it fit down that narrow stairway and around that tight corner? Will the mover walk off the job because it's so heavy? Does one really need a canning cupboard when one never cans?

• They'll chuckle at the puckishly unpredictable nature of the jet tub, which was a major reason why they bought this house in the first place. You see, they've wanted a jet tub since at least 1993 and they really could use some hydrotherapy after moving Grandma's Canning Cupboard into the basement. And now ... what's this? Three uses of the tub and the pump now smells dangerously hot? Perhaps this, too, is a case of the Spurned Home, except this house waited until its previous owners had sold it before plotting its revenge.

Should I choose Republic Bank or a Credit Union for a Mortgage? How have your experiences been?

I went with a Credit Union over a Bank. Their closing costs were significantly lower for the same loan terms than a bank.