JPMorgan Chase is transforming its mortgage business to make it recession-proof — even if it means profits suffer

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  • JPMorgan Chase is transforming its mortgage business to make it recession-proof — even if it means profits suffer
    JPMorgan Chase is transforming its mortgage business to make it recession-proof — even if it means profits suffer

    The mortgage industry has taken a beating the past year. Some lenders are expected to loosen credit standard to improve profits. But JPMorgan Chase is ceding market share — intentionally. In advance of a looming recession, the bank has been reinforcing its mortgage business to make it recession proof […]

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