Fannie Mae will buy 97% LTV mortgages

Fannie Mae will buy 97% LTV mortgages

Credit improvements lead to mortgage product

MBA leaders challenge federal regulators to take action

MBA: It's time for the penalty phase to end

5 things you absolutely need for the MBA convention in Las Vegas

Every one of these is totally necessary
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Items Tagged with 'JPMorgan Chase'

ARTICLES

Earnings preview: Wells Fargo, JPMorgan, Citi kick-start earnings Tuesday

So far, housing remains lukewarm in 3Q
Brena Swanson
Tuesday marks the next round of bank earnings, with Citigroup, Wells Fargo and JPMorgan Chase once again paving the way for the housing and financial markets. Here’s where the market is predicting earnings will go.
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The new standard for getting a mortgage

Small banks slowly fill in lending gap
Brena Swanson
While the big banks are still stingy on the people they choose to lend to, a small handful of banks are willing to bet on select borrowers who still have high credit scores despite a few blips on their financial history.
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Looming layoffs at Bank of America signal shift in mortgage servicing

Impact already being felt throughout industry
Ben Lane
The impact of Bank of America's $16.65 billion settlement is beginning to be seen in the mortgage industry. The settlement will affect more than just the bank, the aggrieved homeowners and the government. It isn’t just the big banks that feel the pain of these settlements. It affects everyone.
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JPMorgan CEO: Nonbanks can derail the recovery

"No one is paying attention to it"
Brena Swanson
JPMorgan Chase CEO Jamie Dimon said there isn’t a lot that will keep the U.S. economy down. But the one thing that could derail the recovery: The $3.2 trillion nonbank financial system.
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Wingspan furloughs Florida employees

Company admits it's just part of the mortgage servicing business
Ben Lane
Sources tell HousingWire that Wingspan also laid off dozens of employees at its Melbourne, Florida location last week. As with the Monroe layoffs, the Melbourne employees were reportedly told they were being “furloughed” by the company and could potentially be rehired if Wingspan acquires more business.
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Wingspan lays off employees at Monroe call center

Workforce was once 400, now less than 100
Ben Lane
The Monroe News-Star reports that it spoke to five people who were laid off last week by Wingspan. They told the News-Star that Wingspan told them they were “furloughed” and could potentially be rehired if the company secures more business.
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Here comes another jumbo RMBS from JPMorgan

$355.64 million offering receives triple-A ratings
Ben Lane
J.P. Morgan Mortgage Trust 2014-OAK4 built on a pool of 434 loans with an aggregate loan balance of $355.64 million. The offering contains loans with an average balance of $819,448 and has a weighted average loan-to-value of 73.7%.
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JPMorgan's $13B mortgage settlement reaches homeowners

46,404 borrowers helped so far
Brena Swanson
In the latest update, JPMorgan Chase continues to fulfill its obligations under its $13 billion settlement, providing relief to 46,404 borrowers. Here's how far the bank has progressed since its last update in July.
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JPMorgan to face $10B MBS case

Bank hit with class action lawsuit
Brena Swanson
JPMorgan Chase must face a class action lawsuit by investors who claimed the bank misled them about the safety of $10 billion of mortgage-backed securities it sold before the financial crisis.
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Are the days of giant mortgage cases over?

Holder’s departures signals end of housing era
Brena Swanson
Good news for banks: Attorney General Eric Holder’s departure is the beginning of the end of the Justice Department’s push to hold big banks accountable for their pre-crisis conduct.
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