What percentage decline in mortgage applications was reported by Wells Fargo?
Why U.S. Housing Bulls Need to Be Careful

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5 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
26%
48%
20%
15%
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which bank reported a 48% decline in mortgage originations?
Bank of America
Wells Fargo
JP Morgan Chase
Citibank
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What has been the trend in US mortgage originations over the past several quarters?
Stable
Fluctuating
Increasing
Decreasing
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How do regional banks primarily differ from larger banks like JP Morgan Chase?
They offer higher interest rates
They focus on investment banking
They focus almost exclusively on lending
They have more international branches
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What should stock investors be cautious about according to the data from JP Morgan and Wells Fargo?
Stable housing market
Increasing mortgage applications
The downward trend in housing and regional banks
Rising interest rates
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