Fannie Mae Announces Reperforming Loan Sale Results
The sale of approximately 5,460 loans totaling $663.3 million in unpaid principal balance was awarded to JP Morgan Mortgage Acquisition Corp.
The sale of approximately 5,460 loans totaling $663.3 million in unpaid principal balance was awarded to JP Morgan Mortgage Acquisition Corp.
Where will things go in the housing market?
CEO Jamie Dimon says bank expects to originate fewer mortgage loans.
Company will layoff, reassign workers from its consumer lending business.
Nation's largest bank by assets reports 42% drop in earnings from a year earlier in 1Q 2022.
Diversity initiatives, especially from big banks like JPMorgan, are helpful in providing capital to underserved communities.