Top markets for affordable renovated housing inventory

Despite the rapidly deteriorating affordability, there is some hope for homebuyers in the form of renovated homes: properties that have been rehabbed into move-in ready condition after being purchased at auction.

HousingWire Magazine: December 2021/ January 2022

AS WE ENTER A NEW YEAR, let’s look at some of the events that we can look forward to in 2022. But what about what’s next for the housing industry?

Mortgage Tech Virtual Demo Day

Tune in to our live Virtual Demo Day on December 1st at 10am CT to experience demos from the most innovative tech companies in the Servicing, Audit and Post-Close space.

Logan Mohtashami on Omicron and pending home sales

In this episode of HousingWire Daily, Logan Mohtashami discusses how the new COVID variant, Omicron, will impact inflation and whether or not it will send mortgage rates lower.

Politics & MoneyMortgage

Jamie Dimon doesn’t know if Sen. Warren understands banking

Here comes the next chapter in JPMorgan Chase CEO vs. CFPB architect

The relationship between Jamie Dimon, the CEO of JPMorgan Chase (JPM), and Sen. Elizabeth Warren, D-Mass. could be described in many words…tense, terse, tenuous, testy, but definitely not touchy feely.

HousingWire previously covered a particularly amusing exchange between the two, taken from the new afterword for the paperback release of Warren’s book, “A Fighting Chance.” In the afterword, Warren tells the story of being visited in her Capitol Hill office by Dimon and an emotional conversation about financial regulations.

Warren writes that Dimon complained about the “burdensome” rules the bank is required to follow by the Consumer Financial Protection Bureau, and that she countered by saying that she didn’t think banks were overregulated.

From Warren’s book (as published by the Huffington Post):

Dimon told me what he thought it would take to get Congress to confirm a director, terms that included gutting the agency’s power to regulate banks like his. By this point I was furious. Dodd-Frank had created default provisions that would automatically go into effect if there was no confirmed director, and his bank was almost certainly not in compliance with the those rules. I told him that if that happened, “I think you guys are breaking the law.”

Suddenly Dimon got quiet. He leaned back and slowly smiled. “So hit me with a fine. We can afford it.”

Now, Dimon is at it again.

According to a report from CNN Money, Dimon recently took another jab at Warren, saying the Senator doesn’t fully understand the global banking system.

From the CNN Money report:

"I don't know if she fully understands the global banking system," Dimon said Wednesday at an executive luncheon in Chicago, according to a transcript provided by JPMorgan.

Dimon added that he agrees with Warren's concerns about pockets of risk in the industry, and that he's willing to meet with her to "maintain a good relationship."

Dimon goes on to say that Warren once told him that she has a Chase credit card and “loves it.”

Thus concludes the latest chapter in Dimon versus Warren.

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