With Mort&Lends Slowing, Big Banks Turn to Apps

The mortgage lending market is starting to slow, particularly for large, national banks. As a result, a handful of them, including Bank of America Corporation (BAC), Wells Fargo & Company (WFC) and JPMorgan Chase & Co. (JPM), are pouring tons of money into mortgage apps and websites, betting that this is the way to drive younger home buyers their way.


Source: Investopedia