Secondary

The San Francisco-based banking giant reported solid gains in credit card and auto lending as credit remained in check and quarterly operating costs declined from a year ago.

The megabank's net income declined by 13% during the fourth quarter as a result of a $1.2 billion pretax loss on sale related to the divestiture of its remaining operations in Russia.

In the fourth quarter of 2025, America's second-largest bank posted earnings that came in just above Wall Street's forecasts.

Total lock volume increased 2% from November and finished 30% higher than last December, according to Optimal Blue's latest Market Advantage report.

The bank did $16 billion of originations during the final three months of 2025, with the quarter-to-quarter increase beating industry-wide growth forecasts.

Trump's proposed $200B MBS purchase briefly tightened mortgage spreads, but analysts question the long-term impact on mortgage rates and GSE balance sheets.

With ongoing affordability issues, the Federal Housing Administration program will keep taking low down payment market share from the private mortgage insurers.

The Department of Housing and Urban Development is selling more due-and-payable HECMs on homes that are occupied while reviewing the loan program.

A shared client base helped lead to introduction of the new integration, with implementation scheduled to come later this year, the companies said.

Largely strong credit qualities were offset because by loans on single-family homes in the pool dropping by 0.5%, and that the percentage of loans that received due diligence decreased by 0.4%.