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Rate-starved US banks happily gobble up mortgage business

Wednesday, July 20, 2016 - 05:50

New York

JUST as mortgage bankers were preparing for the end of a historic boom driven by low interest rates, borrowers have begun knocking at their doors again.

In earnings reports last week, JPMorgan Chase & Co, Wells Fargo & Co and Citigroup Inc said they originated US$

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