Dear Parents, don’t expect your homebuying Millennials to pay you back

Dear Parents, don’t expect your homebuying Millennials to pay you back

laonDepot graph shows they can barely save for retirement

Trending Thursday: Banks make more on mortgages while government steals GSE profits?

Yale legal scholars on #FannieGate

Here's how to handle electronic delivery of mortgage disclosures

So many aren't even ready for TRID
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Items Tagged with 'JPMorgan Chase'

ARTICLES

Monday Morning Cup of Coffee: JPM Chase agrees to massive mortgage settlement

Wells Fargo wins in Los Angeles’ predatory lending suit; Happy Birthday CFPB!
JPMorgan Chase agreed to a massive settlement, stemming from a lawsuit that accused the bank of misleading investors about the quality of pre-crisis residential mortgage-backed securities. And did you know the CFPB turns 4 this week? There's still time to get them a present.
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Leading Democrats don’t want proposed FHA insurance change

Gives a free pass to big banks that engaged in criminal behavior, they warn
Leading Democrats on the Senate Banking and House Financial Services Committees today urged the Obama Administration to reconsider a proposal that would make it easier for lenders that have engaged in criminal behavior to keep accessing taxpayer-backed mortgage insurance. They're also questioning the timing.
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JPMorgan Chase posts $6.3B in net income in 2Q

Beats expectations despite lower mortgage banking revenue
JPMorgan Chase beat analyst expectations in the second quarter, delivering second-quarter earnings of $1.54 per share, up from $1.46 a share in the year-earlier period, despite revenue falling to $24.5 billion from $25.35 billion a year ago.
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Wingspan closing Florida office, laying off 150 employees

Melbourne location once employed 400 people
When Wingspan Portfolio Advisors purchased JPMorgan Chase’s mortgage servicing operations center in Melbourne, Florida, in February 2013, the company gave 400 Chase employees who staffed the Melbourne office the opportunity to continue their employment. Now the company plans to close the Melbourne office and lay off the remaining 150 employees.
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Sen. Warren responds to Jamie Dimon you-don't-get-it swipe

“I fully understand the system…and that’s why they don’t like me.”
One day after JPMorgan Chase CEO Jamie Dimon took a swipe at Sen. Elizabeth Warren, D-Mass., saying that he doesn’t know if she fully understands the global banking system, Warren responded in kind. You didn’t think she was going to let this one go, did you?
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Guess how many bank CEOs made Glassdoor’s list of the highest rated CEOs?

Here's a hint…not many
For those who don’t know, Glassdoor is a website where a company’s employees (and former employees) can leave anonymous reviews of the company and tell other employees (or prospective employees) what it’s really like to work there. So how many bank CEOs made the top 50 in Glassdoor’s 2015 list of the highest rated CEOs? Not very many as it turns out.
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