Items Tagged with 'JPMorgan Chase'

ARTICLES

Banks want to cut bank branches, consumers say no

Where's the balance in retail branches versus online?
Banks keep pushing consumers toward online technology, but consumers aren’t ready to give up having a local retail branch an arm’s length away. As a result, banks are left trying to find the balance between having retail locations open for consumers and cutting back costs. So far, there's no easy answer.
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JPMorgan, FDIC, Deutsche Bank finalize settlement in WaMu mortgage suit

JPM paid $645 million from receivership estate
JPMorgan Chase’s legal battle with the Federal Deposit Insurance Corp. and Deutsche Bank AG over its acquisition of Washington Mutual’s banking operations is finally over. The settlement closes the door on issues that date back to the financial crisis. After nearly a decade of back and forth battles, here's what the parties agreed on.
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JPMorgan, FDIC, Deutsche Bank near settlement in WaMu mortgage suit

Covers breaches of certain WaMu representations and warranties
JPMorgan Chase’s legal battle with the Federal Deposit Insurance Corp. and Deutsche Bank AG over its acquisition of Washington Mutual’s banking operations is nearing an end. After battling back and forth, the latest update in the bank’s quarterly regulatory filing revealed two key agreements the involved parties finally came to.
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JPMorgan Chase beats expectations for Q2 earnings

Strength in mortgages and real estate cited for growth
"JPMorgan Chase continued to perform well in all of our major businesses,” said Jamie Dimon, JPMorgan Chase chairman and CEO. “We saw strong underlying performance with record consumer deposits, up 10%, credit card sales volume, up 8%, merchant processing volume, up 13% and broad core loan growth, up 16%, particularly in mortgage and commercial real estate.”
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JPM, Lone Star bid for bad Dutch bank

Bank holds $6.1 billion of loans, real estate
JPMorgan Chase and Lone Star Funds are currently the leading bidders for a bad Dutch bank. The sale is not secure yet, and could fall out at any time. Goldman Sachs and Cereberus Capital are also competing bidders in the deal. Here’s more on the deal these banks are fighting for.
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MBA: Mortgage credit still getting tighter

Low-down mortgages not boosting closings
The mortgage credit box tightened for the third month in a row, except this time, contrary to previous months, all four indices tightened. This is despite efforts to promote 3% down programs to loosen mortgage credit. Freddie Mac's vice president of affordable lending and access to credit explains what the hold-up is, and why conditions continue to tighten.
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Chase quietly launches its own 3% down mortgage lending program

Rolls out first-time homebuyer program with Fannie Mae backing
Prospective homebuyers, especially first-time homebuyers who struggle to save for a down payment, have a new, and significant, outlet they can now turn to when seeking a low down payment mortgage — JPMorgan Chase. Not be outdone by Wells Fargo, JPMorgan Chase also recently launched its own 3% down mortgage program, albeit much more quietly.
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