JPMorgan Chase Push For US Mortgage Reform

Leading US financial house JPMorgan Chase has said they want to ensure that US Mortgage Reform gets underway

JPMorgan Chase

Here is a clip from a JPMorgan Chase statement – quote – The U.S. mortgage business is in need of a major overhaul, JPMorgan Chase said Chief Executive Jamie Dimon for a special report to be published on Friday.

The second-largest U.S. bank holds billions in problem mortgages, even though Dimon is often credited for steering JPMorgan past the worst of the losses experienced by its peers during the financial crisis.

‘We will watch the progress with interest regarding mortgage reform!’

Read the full report

http://www.reuters.com/article/2011/02/04/jpmorgan-idUSN0310061320110204

Leave a Reply