Real estate portfolios gave JPMorgan Chase’s overall mortgage banking net income a lift to $562 million in the fourth quarter of 2013 while home loan production declined again and servicing broke even.

Mortgage originations were about $23 billion in 4Q13, down 54% from the prior year and 42% from the prior quarter. Purchase originations of $13 billion were up 6% from the prior year and down 35% from the prior quarter. Loan performance is improving, says JPMorgan Chase CFO Marianne Lake.

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