Articles Tagged with ''JPMorgan Chase''

JPMorgan Chase: The key to preventing borrowers from defaulting on their mortgages is not what you think

Borrower liquidity is more important than borrower equity
For years, the conventional wisdom in mortgage lending has been borrowers with more financial skin in the game are less likely to default on their mortgages. But new research from JPMorgan Chase suggests that borrowers putting more of their money down for a home is not actually a solid way to prevent them from defaulting on their mortgages. Put simply, borrower liquidity appears to be more important than borrower equity.
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JPMorgan Chase settles class action suit, will give equal parental leave to mothers and fathers

Bank will pay $5 million to fathers who were denied primary caregiver leave
JPMorgan Chase already has a gender-neutral parental leave policy, gives primary caregivers 16 weeks of paid parental leave, and gives non-primary caregivers six weeks of paid parental leave. But if a proposed class-action settlement goes through, fathers who are JPMorgan Chase employees will soon also be able to claim primary caregiver status and take 16 weeks of paid parental leave.
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The biggest earners in finance don't work at banks

This is who's really raking in the big bucks
In the world of finance, you might think it's the bankers who are making money hand over fist, but apparently, that's no longer the case. Now, professionals working in real estate are the ones who are raking in the big bucks, as REITs posted some of the highest median pay figures for employees. Here's how much employees make at companies in the mortgage sector.
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JPMorgan Chase CFO Marianne Lake to lead bank’s consumer lending business

Jennifer Piepszak becomes CFO
JPMorgan Chase is making some changes to its senior leadership. The megabank announced Wednesday that it its current chief financial officer, Marianne Lake, will become the CEO of its consumer lending business, which includes mortgage lending, card services, and auto finance. Replacing Lake as CFO is Jennifer Piepszak, who is currently CEO of the bank’s card services business.
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JPMorgan Chase earnings soar, but mortgage sector falls

Mortgage revenue declines 11% due to lower net servicing
Despite a slowdown in its home lending sector, JPMorgan Chase saw a tremendous increase in its Q1 earnings from both the previous quarter and previous year. In fact, JPMorgan’s profits rocketed to $9.2 billion, rising from $8.7 billion in the first quarter of 2018.
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JPMorgan Chase to add 90 branches this year

Bank is looking to add as many as 700 employees
A new report from The Wall Street Journal says that JPMorgan Chase is expecting to open 90 branches by the end of this year. The bank is looking to add as many as 700 employees and open locations in cities such as Charlotte, Minneapolis and Nashville as part of its larger plan to enter new markets.
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JPMorgan Chase chief economist bets against 2020 recession

"The economy is slowing, but it is not going to go into a recession"
Anthony Chan, chief economist at JPMorgan Chase, is confidently forecasting 2% economic growth in the year ahead and shooting down fears of a looming recession. Speaking before a packed room at Chicago Agent Magazine's Accelerate Summit at the Chicago Merchandise Mart on Tuesday, Chan predicted the U.S. economy will grow in 2019, just not as rapidly as it did last year.
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