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JPMorgan Chase's acquisitions of Bear Stearns and Washington Mutual during the meltdown were once seen as bargains and more recently second-guessed in light of the bank's $13 billion mortgage settlement. The pain will pay off in the long run, experts say.
October 24 -
Are you being proactive and doing the things needed to keep your partners happy by preparing their clients for home ownership?
October 24 -
The bank is being scrutinized for violations of the Financial Institution Reform, Recovery and Enforcement Act.
October 23 -
A New York State examination showed the lender charged homeowners upfront discount fees in exchange for lower interest rates, but failed to give the borrowers the promised discounts.
October 23 -
The Salt Lake City company has long lagged in mortgages, and now is the time to get more aggressive as big rivals pull back and small competitors struggle with qualified-mortgage rules, CEO Harris Simmons says.
October 23 -
Lenders have been worried that they could be cited for discrimination, even if it's unintentional, if they only seek to provide QM loans, noting that many minorities would not qualify for that status according to recently released statistics.
October 23 -
Demand for units adjusted down for the first time in several years, according to a multifamily housing survey.
October 22 -
Blacks and Hispanics are likely to find it more difficult to obtain credit or face paying higher prices when the "qualified mortgage" rule goes fully into effect, a process that could take up to seven years.
October 22
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The new qualified mortgage rule is pressuring vendors of loan origination systems to work with lenders to recode their units. There's a lot of work to be done before the Jan. 10 deadline.
October 22
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The new organization aims to help mortgage lenders improve their business practices through collective strength.
October 22
