Now that JPMorgan Chase executive Michael Cavanagh is no longer at the bank, Matt Zames, the bank’s chief operating officer, is considered to be a potential favorite to take over when CEO Jamie Dimon finally decides to step down.
But if they must, the due diligence performed upfront should be show stopping
November 21, 2013
Some analysts believe JPMorgan Chase was just being a good corporate citizen when it bought Bear Stearns and WaMu in the heat of the financial crisis. Yet, the bank is receiving no favors for taking on the risk.
JPMorgan Chase CEO Jamie Dimon may be eager to get all of the company's legacy mortgage issues behind it, but how the bank responds to pressure from the Department of Justice and other regulators is crucial and a potential harbinger of what’s to come on the mortgage litigation front for mega banks.
People are listening to real estate economists today in a way that anyone who covered the industry a decade or more ago would not recognize. Smoke is one of the members of this new wave of real estate economists. In fact, Smoke is actually the newest one on the block. The upstart economists at places like Trulia and Zillow are still new, Smoke is just the latest player to join the game..
Typically, for a process and a product that depends largely on human effort, if you want a higher quality product, you have to pay more. The best doctors, chefs, mechanics and attorneys all make more than the market average. Nevertheless, lenders, AMCs and Fannie Mae all expect appraisal quality to increase even as appraiser fees decrease. Read More