JPMorgan Chase's mortgage banking unit posted $1.56 billion in mortgage banking net revenue for the third quarter, down from $1.87 billion one year ago.

Firmwide, mortgage origination volume fell to $29.2 billion in the third quarter, from $30.9 billion a year ago. The retail channel contributed $10.6 billion, while the correspondent channel contributed $16.3 billion in volume, compared to $11.7 billion and $15.4 billion, respectively, last year.

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