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  • Chronos Solutions acquires UPF Services

    Chronos Solutions announced its latest business move, finalizing its acquisition of UPF Services. Matt Slonaker, executive vice president of sales and marketing for Chronos Solutions, first alluded to the acquisition in an interview with HousingWire back in July. Now only a few weeks later, Slonaker and Andrew Gladston, senior vice president of corporate development at Chronos Solutions, revisited with HousingWire to give the full details of the acquisition. Click the headline to read what this means for their mortgage business.

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JPMorgan cuts CEO pay as profits soar

Even as profits surged, the board of JPMorgan Chase cut the pay of chief executive Jamie Dimon by 50 percent, in light of a multi-billion dollar trading loss last year.

By the overall numbers, it was a good year for JPMorgan. The bank reported a record profit of $5.7 billion for the fourth quarter, up 53 percent from 2011. Revenues, too, were strong, rising 10 percent to $23.7 billion for the period.

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