Items Tagged with 'JPMorgan Chase'

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  • JPMorgan Chase to build new HQ in midtown Manhattan

    New HQ first major project under NYC's Midtown East Rezoning plan
    It’s a season of change at JPMorgan Chase. The big bank recently committed to investing $20 billion in new branches and new hires following tax reform legislation. Now, the company announced plans to build a new, 2.5 million square feet, 70-story HQ at its 270 Park Avenue location, replacing the current 52-story building, which houses 15,000 of the bank’s employees.
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  • Roostify raises $25 million to fund growth of digital lending platform

    Powers digital mortgage process for JPMorgan Chase, others
    Roostify, which powers the digital mortgage process for lenders like Guild Mortgage and will soon serve as the backbone of JPMorgan Chase’s digital mortgage process, announced Thursday that it raised $25 million in its Series B funding round. The company plans to use the money to accelerate its growth.
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  • Jamie Dimon: Chase will soon offer digital mortgages on smartphones

    All credit extended is "super-prime"
    Speaking to CNBC, Jamie Dimon said the bank plans to offer an all-digital mortgage to its customers this year. Dimon added that consumers are “in very good shape,” adding that all the credit “extended in the United States,” is super-prime quality, and that includes mortgages. Click here to watch the full interview.
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  • JPMorgan Chase to invest $20 billion in new branches, new hires

    Bank to raise wages for second time in two years
    Today, JPMorgan Chase announced it is investing $20 billion over five years to help its employees and support job and local economic growth in the U.S. The long-term investment aimed at increasing and accelerating the company’s current growth comes on the heels of the Trump administration’s recently enacted Tax Cuts and Jobs Act.
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  • Fed fines another 5 banks $35.1 million for mortgage servicing and foreclosure infractions

    These big banks yet to be penalized
    On Friday, the Federal Reserve Board announced another $35.1 million in civil penalties against five banks as part of its effort to terminate enforcement actions, issued in 2011 and 2012, against a total of 10 banks related to residential mortgage loan servicing and foreclosure processing.
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  • JPMorgan net income plummets 37% due to tax reform

    Before tax reform net income fell 1%
    JPMorgan Chase reported a decrease in its earnings in the fourth quarter of 2017 as the company experienced impacts from the recently enacted Tax Cuts and Jobs Act. The company reported a net income of $4.2 billion in the fourth quarter of 2017, down 37% from $6.73 billion in the third quarter and in the fourth quarter of 2016.
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  • Mortgage industry unites together to support Hurricane Harvey relief

    From buying a shirt to sending money, here’s how you can help
    As one of biggest industries that touches nearly everyone in America, the housing industry quickly assembled together to give back to those impacted by Hurricane Harvey. Here is a handful of ways the industry is donating to help in the relief, along with ways you as a reader can help.
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  • Wells Fargo and JPMorgan Chase each donate $1 million for Hurricane Harvey relief efforts

    Options for customers to help, too
    In light of the devastating destruction from Hurricane Harvey, Wells Fargo and JPMorgan Chase are donating $1 million each to support those affected by the hurricane and the relief efforts. Beyond the initial $1 million donation, both banks also included options for their customers to get involved in relief efforts.
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