Items Tagged with 'JPMorgan Chase'

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KBW: What Wells Fargo, Chase 4th quarter results mean for the rest of the industry

A deeper dive at the big banks' mortgage banking earnings
While the fourth-quarter results for Wells Fargo and JPMorgan Chase were decidedly mixed, with JPMorgan significantly exceeding and Wells Fargo missing market expectations, there was one common denominator among the big banks’ earnings – lower earnings from mortgage banking. But what should the market make of those results?
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Here are HousingWire's top 10 articles of 2016

Thanks to our loyal readers for making this another great year
The past year was record-breaking for HousingWire in just about every metric we have, and that’s all thanks to you, our loyal readers. You push us to do more, to do better, to reach higher, to dig deeper, to keep fighting, and we have no plans of stopping. So here, as we begin a new year, are HousingWire’s top 10 articles of 2016, as determined by our readers.
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What happened to all that mortgage settlement money?

New York Times' Dealbook provides look at 8 massive mortgage settlements
While the headlines don’t show up quite as often as they once did, it still seems like that every few weeks another bank is settling with the federal government (or other parties) over the mortgage misdeeds of the past. Each of those settlements checks in the multi-billion dollar range, but what happens to the settlement money after the banks pay up?
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Donald Trump names JPMorgan, Blackstone CEOs to advisory board

Forum comprised of 16 CEOs
President-elect Donald Trump’s latest selection of leaders involves a new idea: the President’s Strategic and Policy Forum. The group is comprised of 16 CEOs, which includes Stephen Schwarzman, chairman, CEO, and co-founder of Blackstone, and Jamie Dimon, chairman and CEO of JPMorgan Chase.
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JPMorgan Chase beats 3Q16 revenue expectations

Company sees record loan balances in asset management
JPMorgan Chase beat its revenue expectations in the third quarter this year, with mortgage loan growth serving as the driving factor. Consequently, the company saw a significant increase mortgage banking revenue.
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Chase officially satisfies $4 billion RMBS settlement consumer-relief requirement

Completes more than one year ahead of schedule
In his ninth and final report, Joseph Smith, monitor of the JPMorgan Chase Residential Mortgage-Backed Securities Settlement, credited Chase with more than its required $4 billion of consumer relief obligation. The settlement dates all the way back to claims that Chase, Bear Stearns and Washington Mutual packaged and sold bad residential mortgage-backed securities to investors before the financial crisis.
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