Tag Archives: JPMorgan Chase

Just how well-capitalized is JPMorgan Chase? The bank's CEO, Jamie Dimon, tells us exactly how much in his annual letter to shareholders.

JPMorgan Chase Bank has become the first institution to file a residential mortgage-backed securitizations deal that qualifies under the Federal Deposit Insurance Corporation’s six-year-old Safe Harbor rule.

This will be JPMorgan Chase's first house transaction (meaning the bank owns all of the mortgages in the deal) since the financial crisis.

Lehman originally accused JPMorgan Chase of improperly draining billions of dollars before the investment banking firm's infamous 2008 bankruptcy.

Overall, the bank's earnings exceeded expectations for Q4, but the mortgage banking division posted a disappointing quarter.

The bank agreed to pay $4 billion in consumer relief in November 2013 as part of a then-record RMBS Settlement.

The bank chose Peter Muriungi as the replacement for Mike Weinbach, who was named CEO of Mortgage Banking at Chase in December.

The OCC has terminated mortgage-related consent orders against JPMorgan Chase and EverBank. ending business restrictions that were mandated against them in mid-2015. But the two banks did not emerge completely unscathed.

Mike Weinbach has been with the bank for 12 years, during which time he has served in many roles.

Investors claim that JPMorgan Chase misled them as to the quality of the loans underwriting $10 billion worth of residential mortgage-backed securities, according to Bloomberg; the bank denies any wrongdoing.