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January 14, 2014

Wells Sees 60 Percent Plunge in 4Q Originations, JPM’s Volume Down 54 Percent

By Paul Muolo

On a sequential basis, the origination results look slightly better: a 38 percent decline compared to the third quarter of 2013 for Wells and a 42 percent downdraft for JPM. Both have laid off thousands of mortgage workers over the few quarters.

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