Mortgage Lenders Opt for Cruise Control

online.wsj.com — Banks seem to be imitating Detroit-and that's not necessarily a bad thing. Just as car makers discovered profits trump sales volume, banks are showing pricing and lending discipline on mortgages. The result: In the first quarter, banks saw big gains in mortgage-banking revenue and profit on the back of strong refinancing activity.
Rising mortgage banking income: good for banks, financial system, if not consumers t.co/r9Sd05WK via @ReillyDavid