JPMorgan Chase

$750 billion housing initiative aims to help 500,000 customers purchase homes, including 200,000 first-time buyers

New report argues factory-built housing could lower construction costs, expand affordable inventory, and create more opportunities for first-time homebuyers

Rising housing costs are pushing buyers to pool incomes and assets, creating new opportunities for lenders and originators

Dimon outlines long-term strategy to increase lending, local engagement, and support housing access as market conditions remain constrained

The shift could also reshape competitive dynamics between banks and nonbanks across mortgage origination and servicing

Sen. Elizabeth Warren is seeking records to determine whether major banks violated the National Mortgage Settlement by selling supposedly extinguished second mortgages that later resurfaced as “zombie” debts leading to foreclosures