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Items Tagged with 'JPMorgan Chase'


Mortgage reductions dent M&T Bank earnings

Mirrors market trends
April 14, 2014
The largest factor adding to the fall from a year prior was a $13 million decrease in mortgage banking revenues, resulting from lower originated loan volumes.
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Mortgage operations suffer differently at JPMorgan and Wells Fargo

Analyst breaks down the difference
April 11, 2014
Wells Fargo and JPMorgan Chase reported their first quarter earnings. Mortgage operations continue to suffer at both, but in very different ways.
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Mortgage-bond traders forced to take leave

Big banks tell traders to skip work
April 11, 2014
Mortgage-bond traders at JPMorgan Chase, Morgan Stanley and Royal Bank of Scotland were placed on leave and told not to come to work. Could it be related to a high profile court case involving fraudulent mortgage bond trading?
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JPMorgan Chase records $5.3 billion 1Q net income

Misses earnings estimates amid mortgage headwinds
April 11, 2014
JPMorgan Chase recorded a first-quarter 2014 net income of $5.3 billion, or $1.28 per share, a drop from $6.5 billion, or $1.59 per share, in the first quarter of 2013, missing earnings estimates.
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2 charts show exactly how the mortgage pipeline is drying up

Rising rates, affordability gap squeeze originations
April 11, 2014
A preview of where originations are going can be found in the Wells Fargo and JPMorgan Chase first quarter reports.
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Who will lead JPMorgan Chase next?

March 25, 2014
Now that JPMorgan Chase executive Michael Cavanagh is no longer at the bank, Matt Zames, the bank’s chief operating officer, is considered to be a potential favorite to take over when CEO Jamie Dimon finally decides to step down.
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Servicers officially complete National Mortgage Settlement

Banks provide more than $20 billion in credited relief
March 18, 2014
Mortgage servicers officially completed the consumer relief obligation of the National Mortgage Settlement and even went over the required terms, providing more than $20 billion in credited relief.
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JPMorgan extends deadline for mortgage-bond trustees

March 7, 2014
JPMorgan extended its deadline and agreed to give mortgage-bond trustees evaluating a proposed $4.5 billion settlement over bad loans an extra three months to consider signing onto the deal.
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Bank of America stock nears 4-year high

Too-big-to-fail stocks rally on HW 30
March 5, 2014
Too-big-to-fail banks are rising above pending stress test results and managed to reach near-record highs on the stock market Tuesday while other top indices remained flat.
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JPMorgan plans 8,000 layoffs

Banks adjust for challenges in mortgage market
February 25, 2014
JPMorgan Chase plans to reduce its mortgage banking headcount by 6,000 in 2014. However, this is still less than the huge layoffs witnessed in 2013.
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