Industry NewsMortgage

Mortgage lending flat at big TARP banks

Wells Fargo edges out BofA in originations
Published on Feb 19, 2009

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by CareyBot

Residential mortgage lending was essentially flat during the fourth quarter at the 20 largest banks that the government has taken a stake in through the Troubled Asset Relief Program, or TARP.

The median change in residential mortgage loan balances at the banks was a 1 percent decline, the Treasury Department said in a report this week.

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