Items Tagged with 'J.P. Morgan Chase & Co.'

ARTICLES

  • Viewpoint: At Amherst, a Simple Game

    Perhaps the best story this week (outside of the coverage you'll see here at HW, of course) involves a mortgage-related trading strategy pulled off successfully by Austin-based Amherst Securities Group LP, a fixed-income specialist focusing on mortgage-related investments.
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  • HEART Adds JP Morgan, WaMu Veteran

    Northbrook, Illinois-based HEART Financial Services, a loss mitigation outsourcer, said Monday that mortgage industry veteran Donna Krall had joined the firm as executive vice president of operations. With nearly 30 years in financial services, Krall will oversee the day-to-day home retention and client fulfillment operations of HEART Financial Services, the company said in a press statement.
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  • Next Up: Bank Bailout Equity Investments?

    If anything, the nation's financial crisis has clearly led to some creative ideas around how to prop up ailing financial markets and the institutions that make up much of it: from TALF, to TGLP, to TARP. But as the Troubled Asset Relief Program has gone from savior to what JP Morgan Chase & Co. [stock JPM][/stock] chief Jamie Dimon last week labeled a "scarlet letter," officials in the Obama administration have been vexed by how to best continue to aid a financial sector that is still reeling from punches to the collective gut.
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  • JPMorgan Chase Beats Street; Mortgages Still a Problem

    Throughout the credit crisis, one bank has avoided reporting even one quarterly loss. On Thursday, JP Morgan Chase & Co. [stock JPM][/stock] kept its perfect streak intact, reporting $2.14bn, or $.40/share, in net earnings for the first quarter. The total was off 10% from one year earlier, but better than most analysts had expected.
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  • Viewpoint: Wait, You Mean the Foreclosure Freeze Didn't Work?

    The headline to this column is a question you'll increasingly see in the press over the next few months as foreclosures begin to filter their way through the default pipeline all over again. But don't take my word for it -- the Wall Street Journal discovered today that foreclosures are back on the upswing, so it must be true.
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  • NAMB Goes on Offensive Against JP Morgan, Dimon

    The National Association of Mortgage Brokers is mad as hell, and they're not going to take it anymore. At least, that's the message that NAMB president Marc Savitt sent last week in responding to comments made by JP Morgan Chase & Co. [stock JPM][/stock] CEO Jamie Dimon after the well-known banking CEO appeared to denigrate broker-based mortgage originations in a speech last week.
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  • Chase Shutters WaMu Warehouse Division

    JP Morgan Chase & Co. [stock JPM][/stock] has said it is closing the warehouse lending division it bought from Washington Mutual. "Chase bought WaMu's warehouse lending business last spring," a company spokesperson told HousingWire. "We decided it didn't fit our long-term strategy. This decision affects less than 10 active customers and about two dozen employees." National Mortgage News broke the story earlier this week, saying Chase would give its non-bank customers a few months to find new warehouse lines of credit.
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