Keith Negley, For The Times ) America's long-suffering housing market may be on the mend, two major banks said as they reported big jumps in profits. JPMorgan Chase & Co. and Wells Fargo & Co., the nation's largest home lenders, each reported double-digit quarterly earnings growth Friday. The big jump in profit was thanks largely to a surge in their mortgage businesses, fueled by low interest rates and waves of refinancing.
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http://articles.latimes.com/2012/oct/12/business/la-fi-bank-earnings-20121013?source=Patrick.net
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