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Tags: Banks / Insurance,
By doing mortgage lending to its own customers Bank of America is keeping tighter oversight over lending. Lending to the government's HARP program borrowers is more profitable, As a result Bank of America had over $1 billion in revenues from mortgage lending in the fourth quarter of 2012 with higher margins than JP Morgan Chase.
Grouped Articles
A Toxic Subprime Mortgage Bond's Legacy Lives On
Wall Street Journal 09/13/2013
J.P. Morgan, Housing Regulator Reach $4 Billion Deal
Wall Street Journal 10/20/2013
Bank of America Swings to Loss on Legal Charge, Lower Mortgage Originations
Wall Street Journal 04/16/2014
Wall Street Journal 04/25/2014
BofA Sprints Toward New Mortgage Hurdle
Wall Street Journal 02/03/2013
About $6.8 billion in legal losses at J.P. Morgan above that set aside by the bank, according to one estimate. Six separate regulatory actions are faced by JP Morgan Chase bank in 2013. This is larger than other banks.
Grouped Articles
Regulatory Headaches Worsen for J.P. Morgan
Wall Street Journal 08/19/2013
'London Whale' Penalties Put at $500 Million to $600 Million
Wall Street Journal 08/28/2013
Embattled J.P. Morgan Bulks Up Oversight
Wall Street Journal 09/13/2013
JP Morgan Reported Third Quarter Loss on Legal Costs
New York Times 10/11/2013
J.P. Morgan Reaches $13 Billion Tentative Deal with Justice Department
Wall Street Journal 10/20/2013
J.P. Morgan, Housing Regulator Reach $4 Billion Deal
Wall Street Journal 10/20/2013
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