JP Morgan’s Dimon: Prime Mortgages Look Terrible

Foreclosure starts reach lowest level since 2005 The foreclosure starts rate is at the lowest level since the second quarter of 2005. The serious delinquency rate, the percentage of loans that are 90 days or more past due or in the process of foreclosure, was 3.57 percent, a decrease of 38 basis points from last quarter, and a decrease of 108 basis points from last year.

In a surprisingly short conference call with analysts, Dimon suggested that losses in JP Morgan’s prime mortgage book could triple in the foreseeable future as the credit mess moves out of subprime and into Alt-A and jumbo loans. "prime looks terrible," he told analysts on the call.

Auction.com improves foreclosure outcomes for lenders and servicers In addition, data through december showed hope Now lenders have offered. ""The Administration continues to improve outcomes for homeowners seeking mortgage relief by setting new standards for.Fannie and Freddie tell mortgage servicers not to refer new cases to Baum firm A recent article for Fannie Mae’s Housing Industry Forum makes the point that when it comes to the new servicing rules which go into effect today, Fannie and the Consumer Financial Protection.

JPMorgan Chase’s banner quarter didn’t stop executives from warning that the pause in rate hikes could crimp profits, or from hinting that the bank might downsize its mammoth mortgage operation. Mortgages Andy Peters April 12

The curse of Goldman envy – What’s the difference between Citigroup and JPMorgan? Morgan Stanley and Goldman Sachs? UBS and Deutsche Bank? Merrill Lynch and Lehman Brothers? On the face of things, these companies may look quite.

Prime looks terrible." JP Morgan CEO James Dimon, speaking to analysts on JPMs recent Q2’08 earnings call. Dimon said prime mortgages loss provisions rose from 48 basis points to 91, and could.

Fidelity expected to ramp up LPS data operations As per the deal, Fidelity’s shares are valued at $25.489 per share, translating to a fixed exchange ratio of 0.65224 shares for each LPS share. As a result Fidelity is expected to issue 57.4.

Subprime crisis impact timeline – Wikipedia – The subprime mortgage crisis impact timeline lists dates relevant to the creation of a United.. 1990s: J.P. Morgan invents value at risk and credit default swaps; later. in the subprime markets spread to the near-prime and prime mortgage markets.. February 8: HSBC warns that bad debt provisions for 2006 would be 20%.

Subprime auto loans are too small to be a big problem, says Dimon. Subprime loan delinquencies in the auto loan industry have triggered flashbacks of the financial crisis and Great Recession, and murmurs of concern have been growing louder. But at a joint town hall event put on by JPMorgan Chase (JPM) and Yahoo Finance,

In a surprisingly short conference call with analysts, Dimon suggested that losses in JP Morgan’s prime mortgage book could triple in the foreseeable future as the credit mess moves out of subprime and into Alt-A and jumbo loans. "prime looks terrible," he told analysts on the call.

J.P. Morgan agreed to buy Bear Stearns for $2 a share in a stock-swap transaction.. Pushed to the brink of collapse by the mortgage crisis, Bear Stearns Co s.. in recent days left Bear Stearns with a horrible choice: sell the firm — at any. "At the end of the day, what Bear Stearns was looking at was either.

Mortgage insurer Essent Group prices IPO at $17 a share Based in Hamilton, Bermuda, Essent Group (NYSE:ESNT) scheduled a $286 million IPO with a market capitalization of $1.2 billion at a price range mid-point of $14.50 for Thursday, October 31, 2013.