JPMorgan Profit Rises 76% on Cut in Bad-Loan Reserve
JPMorgan Chase & Co., the second- biggest U.S. bank by assets, said profit rose 76 percent, buoyed by a .3 billion reduction in provisions for soured mortgages and credit-card loans from last year.
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The origins of a housing credit bubble; Monday-morning quarterbacks are finding plenty to blame for the creation of a housing credit bubble that has dramatically … An article from: Mortgage Banking
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Title: The origins of a housing credit bubble; Monday-morning quarterbacks are finding plenty to blame for the creation of a housing credit bubble that has dramatically brust. While there’s a growing laundry list of causes, there appears to be emerging consensus on some primary drivers, such as monetary ploicy and the unchecked expansion of mortgage credit by non-banks. This two-part series examines the details.(Cover Report: Legislative / Regulatory)
Author: Robert Stowe England
Publication: Mortgage Banking (Magazine/Journal)
Date: September 1, 2008
Publisher: Mortgage Bankers Association
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CMI Home Equity Loans Offer Financial Flexibility
People interested in debt consolidation—in which they transfer high-interest debt from multiple sources to a single low-interest loan to reduce interest charges—also tend to choose home equity products.
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