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Mortgages

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JP Morgan Loses Money on Every Mortgage - Stephen Gandel, Fortune

If you are wondering why you can't get a mortgage, here's an answer: Every time JPMorgan Chase makes a home loan, it loses money, $1,500 on average. That might not make JPMorgan want to...

How Retirees Teamed With Banks To Cause the Mortgage Crack-Up - Jeffrey Dorfman

High risk mortgages that should never have been made fueled the decade-long real estate bubble that eventually burst in 2006 and 2007, beginning the 2007-2009 recession. These high risk...

DOJ's Phony Fight Against Mortgage Fraud - John Grgurich, Fiscal Times

The Justice Department isn’t as dogged as it says it is, at least when it comes to cracking down on mortgage fraud. he Justice Department isn’t as dogged as it says it is, at...

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