Here’s what a new research that gauged the impact of mortgage payment and principal reduction revealed about how they impacted defaults and delinquencies and the implications for policies on how financial institutions can help homeowners facing default.
Read More »Q3 Mortgage Revenue Drivers
Home lending and servicing figured prominently in the quarterly results declared by Wells Fargo, JPMorgan Chase and Citigroup on Friday. Here’s how these banks performed in Q3.
Read More »How Much Have Banks Been Fined Since the Crisis?
According to a tally released Tuesday by New York-based investment banking firm Keefe, Bruyette & Woods, banks have been fined $243 billion since the financial crisis in 2008. As reported by Marketwatch, repayment of the fines involves a mixture of ...
Read More »As Stocks Tumble, Lenders Take a Hit
The Dow Jones industrial average closed down 1,200 points on Monday, after having dropped 1,500 points earlier in the day. This came on the heels of a 666-point drop in the Dow last Friday. With the Standard & Poor’s index ...
Read More »JPMorgan Raising Wages After Passage of Tax Reform
While the long-term impacts of the tax reform bill passed by Congress and signed into law by President Trump remain to be seen, at least one major corporation is investing some of their tax windfall into continuing growth. According to ...
Read More »Moody’s Grants Provisional Rating to J.P. Morgan Prime RMBS
The certificates involved are backed by nearly 1,500 30-year fixed-rate mortgage loans, totaling a balance of $883,819,918.
Read More »Default Data After the Great Recession
A new JPMorgan Chase report examines the effects of mortgage modification programs in the aftermath of the Great Recession. How much difference did these programs make, and what can they tell us about the borrowers who made use of them?
Read More »JPMorgan Chase Beats Wall Street Revenue Estimates
JPMorgan Chase released its Q3 2017 financial results Thursday morning reporting a net income of $6.7 billion. Take a look at the details of the mega-bank’s results.
Read More »JPMorgan Chase: Assisting in 4 Economic Growth Areas
In an announcement released Monday by JPMorgan Chase, the bank revealed its third investment in a major U.S. city—Washington D.C.—to help serve underserved neighborhoods, specifically Wards 7 and 8. The program will provide $10 million in aid to the city.
Read More »JPMorgan CEO on Trump
Jamie Dimon of JPMorgan Chase released an official comment in response to the disbanding of President Trump’s manufacturing and business advisory councils, outlining his thoughts on the responsibilities of a leader.
Read More »