Big banks did big mortgage business in the fourth quarter

While the tallying up isn’t quite done yet, all indications are that 2019 will end up being a very good year for the mortgage business. Thanks to mortgage rates that were consistently a full percentage point below 2018’s rates for much of the year, last year saw a significant rise in mortgage originations. That was clearly seen at Wells Fargo, JPMorgan Chase, Bank of America, and Citigroup, which all saw their respective mortgage originations rise in each quarter of 2019.