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Wells Fargo Mortgage Servicing Falls 21% as JPMorgan Retail Originations Slide

Wells Fargo Mortgage Servicing Falls 21% as JPMorgan Retail Originations Slide

by John G. Stevens | Oct 13, 2026 | Current News & Events, Industry Updates, Mortgage Information

Wells Fargo’s third-party mortgage servicing portfolio shrank by nearly $90 billion over the past year, even as the bank increased mortgage originations from a year earlier. The latest quarterly figures show how differently the lender’s servicing and production...
JPMorgan Allocates $750 Billion to Boost Housing Inventory and Homeownership

JPMorgan Allocates $750 Billion to Boost Housing Inventory and Homeownership

by Phil Hall | Aug 3, 2026 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

JPMorgan Chase (NYSE: JPM) announced plans to deploy over $750 billion through 2035 to increase the nation’s housing supply while supporting a new wave of homeownership. According to the company, this new deployment marks a nearly 40% surge in the firm’s housing...
Chase Opens New Pacific Palisades Branch to Replace Wildfire-Destroyed Location

Chase Opens New Pacific Palisades Branch to Replace Wildfire-Destroyed Location

by Phil Hall | Mar 19, 2026 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

Chase, the US consumer and commercial banking business of JPMorgan Chase & Co. (NYSE: JPM), has opened its new branch in Pacific Palisades, California, nearly a year after the 2025 wildfires destroyed the previous location. According to the company, the...
JPMorgan Allocates $750 Billion to Boost Housing Inventory and Homeownership

JPMorgan Chase Allocates $40 Million for Affordable Housing Development

by Phil Hall | Nov 20, 2025 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

JPMorgan Chase (NYSE: JPM) is providing more than $40 million for construction and renovation projects that address the affordable housing shortage. The bank will offer more than $20 million in grants and $20 million in “flexible, impact-focused term loans” to...
Jamie Dimon: JPMorgan Chase Not Involved in White House Ballroom Project

Jamie Dimon: JPMorgan Chase Not Involved in White House Ballroom Project

by Phil Hall | Nov 7, 2025 | Current News & Events, Real Estate News, WRE News Exclusive

Jamie Dimon has distanced himself and his company from the demolition of the White House East Wing and the construction of a new massive ballroom. In a CNN interview, the CEO of JPMorgan Chase (NYSE: JPM) responded to an observation by anchor Erin Burnett that the...
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