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National Mortgage Professional

Aug 28, 2007

JPMorgan Chase invests $241 billion in U.S. communitiesMortgagePress.comJPMorgan Chase charity JPMorgan Chase has announced its investment of more than $241 billion in low- and moderate-income families, neighborhoods and small business across the nation in the first three years of its 10-year, $800-billion commitment. JPMorgan Chase lent $188 billion in mortgages to lower-income and minority borrowers in low- and moderate-income neighborhoods, $40 billion to small businesses and $12 billion to U.S. communities for development and investment. JPMorgan Chase is a global financial services firm based in New York. For more information, call (212) 270-6000 or visit www.jpmorganchase.com.

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Aug 28, 2007

People On The Move

Keeping Current Matters Names Ratiu Chief Economist

Held similar positions with Realtor.com and NAR.

Keeping Current Matters (KCM), a Richmond, Va.-based market insight education and content provider for the real estate industry, said Thursday it has named George Ratiu the company’s chief economist. George RatiuRatiu brings decades of experience...

Analysis and Data

Fannie Mae: Banking System Instability Could Cause Recession

ESR Group says housing activity expected to remain subdued.

The U.S. economy will not see a repeat of the 2008 financial crisis this year, but a “modest recession” is still on the horizon, according to the latest projections by Fannie Mae’s Economic and Strategic Research (ESR) Group. The ESR Group on Friday revised upward its first...