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Tag Archives: mortgage

Chase and Roostify Release Digital Mortgage Platform

  Chase announced on February 16 that it has launched a new digital mortgage platform that allows customers to track their home loan experience from start to finish on their computer or mobile device.  The new platform is scheduled to ...

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Outsourcing May Be Best for Lender Document Trailing

Nationwide Title Clearing, a post-closing services provider serving many of the nation’s largest financial institutions, investors, servicers, and custodians, released a white paper for lenders offering a scoring method to help them manage their trailing document process after a loan is originated.

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JPMorgan Earnings Report Mixed

Second-quarter profits at JPMorgan Chase dipped nearly 8 percent year-over-year as the bank continued to work with a diminished mortgage market. JPMorgan's latest earnings report, released Tuesday, shows the megabank earned $6.0 billion in profits over the latest three months, putting its performance somewhere between the $5.3 billion reported in the first quarter and $6.5 billion a year ago.

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Wells Fargo May Loosen Credit Requirements

Wells Fargo is looking to reenter the subprime mortgage market by lowering its standards of acceptable credit scores for borrowers. Wells Fargo is the largest U.S. mortgage lender, and a move back into the subprime market may signal a sizable shift in the mortgage lending environment.

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