Items Tagged with 'JPMorgan Chase'

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Five major banks fail bailout test, would need taxpayer money in crisis

Bank of America, JPMorgan Chase, Wells Fargo, others must improve 'living wills'
Five of the nation’s largest banks are not prepared for a financial crisis and would need taxpayer bailouts, the Board of Governors of the Federal Reserve System and the Board of Directors of the Federal Deposit Insurance Corporation announced Wednesday.
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JPMorgan Chase CEO declares mortgages bad for business

Jamie Dimon is not a fan of home loans
In his yearly letter to shareholders, JPMorgan Chase CEO Jamie Dimon openly questioned why the bank is still in the mortgage business, telling shareholders that one of the main reasons that the megabank is still engaged in mortgage lending is for the benefit of its customers, despite the "volatile" nature of the business and the "increasingly lower returns" coming from mortgages.
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Massive Chase mortgage bond first to meet FDIC Safe Harbor rule

$1.88 billion deal is one of largest post-crisis RMBS deals
A new mortgage bond from JPMorgan Chase Bank is not only one of the largest RMBS deals since the housing crisis, the $1.88 billion residential mortgage-backed securitization is also the first RMBS deal that qualifies for the Federal Deposit Insurance Corporation’s Safe Harbor rule, which took effect in 2010.
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JPMorgan barely phased by TRID, financially

CFO weighs in on TRID during earnings call
JPMorgan Chase weighed in on the implications of TRID during its fourth-quarter conference call, shedding light on where big banks stand on the issue. Marianne Lake, chief financial officer of JPMorgan Chase, said that while TRID did cause some delays, it did not impact the bottom line very much.
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