Items Tagged with 'Chase'

ARTICLES

  • 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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  • 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 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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  • Chase guarantees it will close a mortgage in 21 days or it’ll give you $1,000

    Rolls out new loan closing guarantee program for customers
    Chase Home Lending now claims it can close on a borrower’s mortgage in as little as three weeks and it’s putting its money where its mouth is to back up that claim. Chase announced recently that it is rolling out a program called “Closing Guarantee” for its existing customers. Through the program, the bank promises to close a mortgage in 21 days, and if the bank doesn’t close on the loan in the timeframe, it will pay the borrower $1,000.
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  • Survey: Half of Boomer homeowners plan to age in place

    Most say they plan to borrow from their equity to make it happen
    More than half of Baby Boomers plan to age in place, electing to renovate in order to meet their changing needs, according to a new survey released by Chase and Pulsenomics. With home prices appreciating at a healthy clip, many older homeowners may look to their equity to fund home improvements.
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