Tag Archives: Jamie Dimon

JPMorgan Chase CEO warns of higher rates, more inflation

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Jamie Dimon thinks interest rates could rise to 8 percent or more. He also said in a new letter that a recession and stagflation could be in the offing. Continue reading →

‘Big Short’ investor warns of growing threat to home values

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In these times, double down — on your skills, on your knowledge, on you. Join us Aug. 8-10 at Inman Connect Las Vegas to lean into the shift and learn from the best. Get your ticket now for the best price. An investor who correctly predicted the 2008 f… Continue reading →

Redfin CEO, others deflate Elon Musk’s housing ‘meltdown’ theory

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The Tesla CEO just predicted a coming collapse in the housing market, but Redfin CEO Glenn Kelman and other experts say the conditions that would lead to a meltdown just aren’t there. Continue reading →

JPMorgan CEO: Real estate is going to be a big problem for some banks

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Not every bank is at risk, JPMorgan CEO Jamie Dimon said Monday during an investor conference. But for lenders with more exposure to commercial properties, the months ahead could be tough. Continue reading →

Troubled real estate eyed as JP Morgan takes over First Republic

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Berkshire Hathaway Vice Chair Charlie Munger warned of “trouble ahead” for the U.S. commercial property market as federal regulators seized First Republic Bank early Monday morning. Continue reading →

Manhattan’s luxury market sees worst sales week since Aug. 2020

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Signed luxury contracts in Manhattan hit a new low during the week ending Aug. 21, according to a report from Olshan Realty Inc. Luxury agents say there are a number of reasons why. Continue reading →

JPMorgan Chase commits $400M to affordable housing

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The banking giant will provide low-cost loans, equity and grants for nonprofits and other groups that work with Black and Latino households on affordability issues. Continue reading →

Feds tweak regulations to lure banks back to FHA loans

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A decade after the Great Recession, the federal government wants to lure banks back into the Federal Housing Administration program that caters to first-time homebuyers, and this week announced regulatory changes meant to make that program more appealing. Continue reading →

CEO group’s new emphasis on social responsibility prompts backlash from ex-Realogy CEO

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Lashing out at Business Roundtable’s new mission statement, Richard Smith said Friday that corporations’ number one job is “to create shareholder value — period.” Continue reading →

JPMorgan Chase CEO says US ‘desperately needs mortgage reform’

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Jamie Dimon doesn’t wade deeply into specific changes that he’d like to see in the mortgage industry, but in his new letter does point to his company’s new digital mortgage fulfillment process — which he says allows closings within three weeks — as a b… Continue reading →