JPMorgan Wants to Be Middle America’s Mortgage Lender
Reuters, Apr. 14, 2017–David Henry
After having to stomach $31 billion worth of bitter mortgage settlements with government agencies a few years ago, JPMorgan Chase swore off a huge swath of the home loan market. Now, the bank’s management team, led by Chief Executive Jamie Dimon, is working fiercely to change course–hoping to not only bring back customers, but influence what could be a reshaping of U.S. mortgage finance policy for the first time in a generation.
