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By Dawn Kopecki, Bloomberg |
April 12, 2013
JPMorgan Chase & Co.’s first- quarter profit rose 33 percent to a record on expense reductions and an improvement in consumer credit quality that allowed the bank to boost earnings by reducing loan-loss reserves.
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By Heather Perlberg and Dakin Campbell, Bloomberg |
January 22, 2013
Mortgage revenue at the four largest U.S. lenders is surpassing the costs of faulty home loans and foreclosures from the housing boom as Federal Reserve and government policies help fuel the recovery.
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By Dawn Kopecki, Bloomberg |
October 12, 2012
JPMorgan Chase & Co., the biggest U.S. bank by assets, posted a record third-quarter profit that beat analysts’ estimates as mortgage revenue soared 72%.
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By Dakin Campbell, Bloomberg |
October 12, 2012
Wells Fargo & Co., the most valuable U.S. bank and largest mortgage lender, dropped 4 percent in New York trading after reporting a record third-quarter profit that was marred by narrower profit margins.
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By Daniel Kruger, Bloomberg |
October 3, 2012
Treasury 10-year yields rose from a three-week low as a measure of U.S. service industries expanded faster than forecast and a private report showed employers added more jobs than projected, signs the economic recovery may be strengthening.
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By Shobhana Chandra, Bloomberg |
August 22, 2012
Sales of existing homes climbed in July from an eight-month low, adding to signs U.S. housing may pick up in the second half.
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By Dawn Kopecki, Bloomberg |
July 13, 2012
JPMorgan Chase & Co., the largest U.S. bank, reported a $4.4 billion trading loss in its chief investment office, bigger than analysts estimated
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By Prashant Gopal, Bloomberg |
July 12, 2012
U.S. lenders are notifying more delinquent homeowners they face foreclosure, a step toward clearing a backlog of properties and helping to accelerate a housing recovery.
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By Joshua Zumbrun and Jeff Kearns, Bloomberg |
July 3, 2012
For Mike and Kathryn Fry, the time was right to take advantage of the Federal Reserve’s low interest rates to buy a home.
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By Dan Levy, Bloomberg |
May 17, 2012
Foreclosure filings in the U.S. fell to a five-year low last month as lenders sought to avoid seizing property and a housing recovery showed signs of taking hold.
