UPDATE: JPMorgan Chase to Stop Using MERS
UPDATE: Mortgage Electronic Registration System (MERS) has released a statement in regards to JPMorgan Chase's earlier announcement that it was no longer using MERS: "JPMorgan Chase is a valued member...
View ArticleJPMorgan Chase Reports 2010 Loan Originations of $50.8 Billion, Up Nearly 50...
JPMorgan Chase & Company has reported fourth quarter 2010 net income of $4.8 billion, an increase of 47 percent compared to $3.3 billion for the fourth quarter of 2009. Full-year 2010 net income...
View ArticleChase Names Frank Bisignano Head of Mortgage Lending
JPMorgan Chase has named Frank Bisignano as the company's new head of mortgage lending. Current Chase chief administrative officer, Bisignano will take over the company's mortgage lending unit from...
View ArticleJPMorgan Chase Announces New Programs for Military and Veterans
JPMorgan Chase has announced that it will significantly enhance its programs to help military and veteran customers. “The programs we are announcing today are a start, but in no way a finish," said...
View ArticleChase Reports No Profit on Mortgages as Q4 Profits Dive 23 Percent
JPMorgan Chase has reported a net income of $3.7 billion for the fourth quarter of 2011, a drop of $1.1 billion over the fourth quarter of 2010, and a 23 percent drop in profit. Chase reported a...
View ArticleChase Reports Record Mortgage Banking Production of $47 Billion in Q3
JPMorgan Chase & Company reported record net income for third-quarter 2012 of $5.7 billion, compared with net income of $4.3 billion in the third quarter of last year. Chase's mortgage banking...
View ArticleFHFA's Streamlined Modification Initiative Results in Mass Layoffs
In the wake of the FHA simplifying the loan modification process, over 20,000 JPMorgan Chase employees are in the process of being laid off.Click to continue
View ArticleChase and Wells Fargo Earnings Show Strength in Q2
JPMorgan Chase and Wells Fargo both posted their second quarter earnings for calendar year 2013 on Friday, indicating strong financial results across the board. Chase posted mortgage earnings nearly...
View ArticleCitigroup Posts Profit in Q2
"Our businesses performed well during the quarter and these results are well-balanced through our products and geographies, especially in the emerging markets, where growth is being challenged. We also...
View ArticleIn Wake of Government Investigation, Chase Announces More Layoffs
Back in June, due to the FHFA’s streamlined loan modification program, JPMorgan Chase has announced that more than 20,000 employees would be laid off.Click to continue
View ArticleICBA: Hold Wall Street Fraudsters Personally Accountable
Camden R. Fine, president and CEO of the Independent Community Bankers of America (ICBA), released this statement following the recent meeting between JPMorgan Chase chief executive Jamie Dimon and...
View ArticleJPMorgan Chase to Reportedly Let 15,000-Plus Go by End of 2014
After celebrating their second-quarter earnings, JPMorgan Chase announced disappointing third-quarter stats, with losses of nearly half a billion.Click to continue
View Article2014: Trouble Ahead?
So even though Fannie and Freddie did their part in repaying their debt from the bailout, the country is still shaky. But wait, isn’t that counter to whatso many folkshave been saying?Click to continue
View ArticleJPMorgan Chase and Wells Fargo Take Q1 Hits on Drops in Mortgage Production
On Friday, two of the Big Four banks have unveiled their quarterly earnings reports. Overall, the first quarter seems to have had a noticeable ding on JPMorgan Chase and Wells Fargo’s mortgage...
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