Despite an increase in mortgage lending due to recent rate cuts, JPMorgan Chase's executives express caution about future market uncertainties, including geopolitical tensions and economic changes.
Jamie Dimon noted that the drop in rates led to increased applications, highlighting that while some activity has spiked, market conditions could fluctuate unpredictably.
Wells Fargo also reported an uptick in mortgage originations, but executives are wary of ongoing regulatory changes like the Basel III Endgame rules affecting future performance.
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