By KIMBERLEY HAAS Leaders at JPMorgan Chase have announced they acquired the substantial majority of assets and assumed the deposits of First Republic Bank from the Federal Deposit Insurance Corporation. According to a press release issued on Monday, JPMorgan Chase will assume about $92 billion of deposits, including $30 billion of large bank deposits, to…
By CHUCK GREEN An apparently not so uncommon sight these days in the mortgage industry: empty desks. Not that their occupants are taking five for a foam latte. Instead, they might well have either been steeped in the pink slip blues or were compelled to submit their resignation. Over the past three months in the…
JPMorgan Chase exec Cerita Battles has been appointed chair of The National Association of Hispanic Real Estate Professionals’ (NAHREP) 2022 Corporate Board of Governors. The organization made the announcement in a press release issued on March 14. “We are blessed to have Cerita join the NAHREP Corporate Board of Governors. Cerita’s many years of respected…
Seriously delinquent mortgages dropped by more than half year-over-year (YOY) at seven national banks, according to a report from the Office of the Comptroller of the Currency. Though the findings are optimistic, the banks in the study– Bank of America, Citibank, HSBC, JPMorgan Chase, PNC, U.S. Bank, and Wells Fargo– were handling almost 1,900 fewer…
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