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Tag Archives: Chase

Chase Ramps Up Consumer Relief Efforts

An independent monitor reported on Thursday that JPMorgan Chase is about 97 percent of the way toward fulfilling its consumer relief obligation under the $13 billion RMBS settlement reached in November 2013.

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Chase and Wells Fargo Earnings Statements Indicate Strong Q2 Results

Both JPMorgan Chase and Wells Fargo posted strong financial results in the second quarter, with Chase experiencing a 5 percent jump in net income, according to earnings statements released by both banks on Tuesday. Chase's Q2 net income of $6.29 billion represented an increase of 5 percent from the same quarter a year ago, while the New York-based bank's period-end balance sheet was down $123 billion in the second quarter.

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$45 Billion Deal Finalized Between Chase and Ocwen

An Agency mortgage servicing rights deal worth approximately $45 billion between Chase and Ocwen Financial Corp. has been finalized after two and a half months, according to an announcement from Chase on Thursday. Ocwen first announced on March 2 it had signed a letter of intent to sell the $45 billion portfolio, which includes about 266,000 high-quality Fannie Mae loans, to an anonymous buyer.

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What Recent Buyers Wish They Knew

In a survey of more than 800 recent homebuyers, Chase found approximately nine out of every 10 said that overall, they “felt prepared” when they purchased their home. Still, looking back, a combined 56 percent said they wish they were armed with more knowledge about making an offer and negotiating, the financing aspects of purchasing a house, and the actual details on closing the transaction.

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