FT Alphaville " Meanwhile, in the largest US bank by assets... Posted by Joseph Cotterill on Jan 13 12:50. Mortgage production pretax income was $161 million, a decrease of $392 million, or 71%, from the prior year. Production-related revenue, excluding repurchase losses, was $1.1 billion, a decrease of $269 million, or 20%, from the prior year, reflecting narrower margins and lower volumes. Production expense was $518 million, an increase of $82 million, or 19%, reflecting a shift to higher-cost originations within the retail channel as well as enhanced underwriting processes... Etc, etc. in JPMorgan's fourth-quarter results (just out). It's interesting to note how much slower and more expensive loan growth seems to be getting, despite the loan losses figures dropping. Mortgage production above, also similar stories in auto loan and cards (where net income is down 32 per cent on the year). Then there are the investment banking numbers... dour. Check back with us at 10am EST / 3pm GMT for a further breakdown on US Markets Live. See you then. Related link: JPMorgan earnings drop on weak trading - FT This entry was posted by Joseph Cotterill on Friday, January 13th, 2012 at 12:50 and is filed under Capital markets. Tagged with jpmorgan, US banks.