Items Tagged with 'Chase Mortgage Banking'

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  • JPMorgan Chase CEO declares mortgages bad for business

    Jamie Dimon is not a fan of home loans
    In his yearly letter to shareholders, JPMorgan Chase CEO Jamie Dimon openly questioned why the bank is still in the mortgage business, telling shareholders that one of the main reasons that the megabank is still engaged in mortgage lending is for the benefit of its customers, despite the "volatile" nature of the business and the "increasingly lower returns" coming from mortgages.
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