{"id":75173,"date":"2009-12-10T18:14:26","date_gmt":"2009-12-10T23:14:26","guid":{"rendered":"http:\/\/mortgagenewsclips.com\/2009\/12\/10\/houses-and-mortgages-tiny-nyc-studio-jamie-dimon-on-mortgage-losses-values-reverse-mortgages-chase-mods-stats-lew-ranieri-and-selene\/"},"modified":"2009-12-10T18:14:26","modified_gmt":"2009-12-10T23:14:26","slug":"houses-and-mortgages-tiny-nyc-studio-jamie-dimon-on-mortgage-losses-values-reverse-mortgages-chase-mods-stats-lew-ranieri-and-selene","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/75173","title":{"rendered":"Houses and Mortgages: Tiny NYC Studio, Jamie Dimon on Mortgage Losses, Values, Reverse Mortgages, Chase Mods Stats, Lew Ranieri and Selene"},"content":{"rendered":"<p><a href=\"http:\/\/billcoppedge.com\/\"><img loading=\"lazy\" decoding=\"async\" style=\"border-right-width: 0px; border-top-width: 0px; border-bottom-width: 0px; border-left-width: 0px\" border=\"0\" alt=\"Bill-Coppedge\" src=\"http:\/\/mortgagenewsclips.com\/wp-content\/uploads\/2009\/12\/Bill-Coppedge19.jpg\" width=\"79\" height=\"117\"><\/a> <a href=\"http:\/\/mortgagenewsclips.com\/\"><img loading=\"lazy\" decoding=\"async\" style=\"border-right-width: 0px; border-top-width: 0px; border-bottom-width: 0px; border-left-width: 0px\" border=\"0\" alt=\"original content selection by MortgageNewsClips.com\" src=\"http:\/\/mortgagenewsclips.com\/wp-content\/uploads\/2009\/12\/original-content-selection-by-MortgageNewsClips.com19.jpg\" width=\"276\" height=\"58\"><\/a> <\/p>\n<p>&nbsp;<\/p>\n<p><a href=\"http:\/\/www.nypost.com\/p\/news\/local\/manhattan\/city_tiniest_studio_AF3nqD1kArYgpdyTyjNnXP?photo_num=1\"><img loading=\"lazy\" decoding=\"async\" style=\"border-right-width: 0px; border-top-width: 0px; border-bottom-width: 0px; border-left-width: 0px\" border=\"0\" alt=\"nyp1\" src=\"http:\/\/mortgagenewsclips.com\/wp-content\/uploads\/2009\/12\/nyp1.png\" width=\"218\" height=\"195\"><\/a> <a href=\"http:\/\/mortgagenewsclips.com\/wp-content\/uploads\/2009\/12\/nypmasthead2.gif\"><img loading=\"lazy\" decoding=\"async\" style=\"border-right-width: 0px; border-top-width: 0px; border-bottom-width: 0px; border-left-width: 0px\" border=\"0\" alt=\"nypmasthead2\" src=\"http:\/\/mortgagenewsclips.com\/wp-content\/uploads\/2009\/12\/nypmasthead2_thumb.gif\" width=\"211\" height=\"42\"><\/a> <\/p>\n<p><strong><a href=\"http:\/\/www.nypost.com\/p\/news\/local\/manhattan\/city_tiniest_studio_AF3nqD1kArYgpdyTyjNnXP?photo_num=1\">NY City&#8217;s Tiniest Studio Apartment &#8211; NY Post<\/a><\/strong> &#8211;<strong> has slideshow &#8211;<\/strong> &#8230; Zaarath and Christopher Prokop &#8212; and their two cats &#8212; live in the smallest apartment in the city,<strong> a 175-square-foot &#8220;microstudio&#8221; in Morningside Heights that the couple bought three months ago for $150,000. At 14.9 feet long and 10 feet wide<\/strong>, it&#8217;s about as narrow as a subway car and as claustrophobic as a jail cell. &#8230; &#8211; <br \/>&#8212;&#8212;&#8212;&#8212;<\/p>\n<p><a href=\"http:\/\/mortgagenewsclips.com\/wp-content\/uploads\/2009\/12\/yahoo-news1.jpg\"><img loading=\"lazy\" decoding=\"async\" style=\"border-right-width: 0px; border-top-width: 0px; border-bottom-width: 0px; border-left-width: 0px\" border=\"0\" alt=\"yahoo-news\" src=\"http:\/\/mortgagenewsclips.com\/wp-content\/uploads\/2009\/12\/yahoo-news_thumb1.jpg\" width=\"178\" height=\"37\"><\/a> <\/p>\n<p><strong>JPMorgan CEO: Bank sees more mortgage losses<\/strong> &#8211; IEVA M. AUGSTUMS, AP Business Writer &#8211;&nbsp; &#8230;&nbsp; <br \/><strong>JPMorgan could see losses on home equity loans reaching $1.4 billion<\/strong> over the next several quarters, compared with losses of $1.1 billion in the third quarter.<br \/><strong>Prime mortgage losses may reach $600 million<\/strong>, up from $525 million in the third quarter, and <strong>subprime mortgage losses could grow<\/strong> from $422 million in the third quarter <strong>to $500 million<\/strong> in coming quarters, according to slides from the bank&#8217;s presentation.<br \/><strong>Dimon added that the bank&#8217;s home lending portfolio may shrink 10 percent to 15 percent to about $240 billion in 2010,<\/strong> and $200 billion in 2011 if current trends continue. That decline would reduce 2010 net interest income in the portfolio by about $1 billion, the bank said. &#8230; &#8211; <a href=\"http:\/\/news.yahoo.com\/s\/ap\/20091208\/ap_on_bi_ge\/us_jpmorgan_chase_loan_losses\">AP Yahoo<\/a> <\/p>\n<p>&#8212;&#8212;&#8212;&#8212;<\/p>\n<p><a href=\"http:\/\/mortgagenewsclips.com\/wp-content\/uploads\/2009\/12\/CNNMoney1.gif\"><img loading=\"lazy\" decoding=\"async\" style=\"border-right-width: 0px; border-top-width: 0px; border-bottom-width: 0px; border-left-width: 0px\" border=\"0\" alt=\"CNNMoney1\" src=\"http:\/\/mortgagenewsclips.com\/wp-content\/uploads\/2009\/12\/CNNMoney1_thumb.gif\" width=\"187\" height=\"36\"><\/a> <\/p>\n<p><strong>Home values plummet $500 billion<\/strong> &#8211; By Les Christie &#8211; Residential real estate owners suffered through another down year, <strong>but losses were much lower than in 2008<\/strong>. &#8211;&nbsp;&nbsp; <a href=\"http:\/\/money.cnn.com\/2009\/12\/09\/real_estate\/home_value_loss\/index.htm\">CNNMoney.com<\/a> <br \/>&#8212;&#8212;&#8212;&#8212;<\/p>\n<p><a href=\"http:\/\/mortgagenewsclips.com\/wp-content\/uploads\/2009\/12\/rmdlogo1.jpg\"><img loading=\"lazy\" decoding=\"async\" style=\"border-right-width: 0px; border-top-width: 0px; border-bottom-width: 0px; border-left-width: 0px\" border=\"0\" alt=\"rmdlogo\" src=\"http:\/\/mortgagenewsclips.com\/wp-content\/uploads\/2009\/12\/rmdlogo_thumb1.jpg\" width=\"210\" height=\"40\"><\/a> <\/p>\n<p><strong>FHA Developing Method to Mathematically Determine Reverse Mortgage Eligibility<\/strong> &#8211; <a href=\"http:\/\/reversemortgagedaily.com\/2009\/12\/08\/fha-developing-method-to-mathematically-determine-reverse-mortgage-eligibility\/\">Reverse Mortgage Daily<\/a> <\/p>\n<p>&#8212;&#8212;&#8212;&#8212;<\/p>\n<p><a href=\"http:\/\/mortgagenewsclips.com\/wp-content\/uploads\/2009\/12\/the-atlantic.jpg\"><img loading=\"lazy\" decoding=\"async\" style=\"border-right-width: 0px; border-top-width: 0px; border-bottom-width: 0px; border-left-width: 0px\" border=\"0\" alt=\"the-atlantic\" src=\"http:\/\/mortgagenewsclips.com\/wp-content\/uploads\/2009\/12\/the-atlantic_thumb.jpg\" width=\"134\" height=\"54\"><\/a> <\/p>\n<p><strong>Chase Reports Interesting Mortgage Modification Statistics<\/strong> &#8211; by Daniel Indiviglio &#8211; &#8230;&nbsp;&nbsp; <strong>Why is Chase doing so much better modifying mortgages through its proprietary program than the Obama administration program or GSE programs?<\/strong>&nbsp; &#8230; &#8211; <a href=\"http:\/\/business.theatlantic.com\/2009\/12\/chase_reports_interesting_mortgage_modification_statistics.php\">The Atlantic<\/a> <br \/>&#8212;&#8212;&#8212;&#8212;<\/p>\n<p><a href=\"http:\/\/mortgagenewsclips.com\/wp-content\/uploads\/2009\/12\/CNNMoney11.gif\"><img loading=\"lazy\" decoding=\"async\" style=\"border-right-width: 0px; border-top-width: 0px; border-bottom-width: 0px; border-left-width: 0px\" border=\"0\" alt=\"CNNMoney1\" src=\"http:\/\/mortgagenewsclips.com\/wp-content\/uploads\/2009\/12\/CNNMoney1_thumb1.gif\" width=\"170\" height=\"33\"><\/a>&nbsp; <a href=\"http:\/\/mortgagenewsclips.com\/wp-content\/uploads\/2009\/12\/fortune_logo.gif\"><img loading=\"lazy\" decoding=\"async\" style=\"border-right-width: 0px; border-top-width: 0px; border-bottom-width: 0px; border-left-width: 0px\" border=\"0\" alt=\"fortune_logo\" src=\"http:\/\/mortgagenewsclips.com\/wp-content\/uploads\/2009\/12\/fortune_logo_thumb.gif\" width=\"126\" height=\"37\"><\/a> <\/p>\n<p><strong>Long interesting article about Lew Ranieri and Selene<\/strong> &#8211; Lewie Ranieri wants to fix the mortgage mess &#8211; By Shawn Tully &#8211; The legendary financier behind mortgage-backed securities is trying to repair the damage &#8211; and make a bundle in the process. &#8211; &#8230; <strong>Selene&#8217;s mission is simple: to buy delinquent mortgages at a deep discount, work with homeowners to get them paying again, and resell the now stable loans for profit<\/strong>. To get homeowners to do their part, Ranieri is taking the <strong><font color=\"#ff0000\">radical step of substantially lowering their mortgage balances<\/font><\/strong>.&nbsp;&nbsp; &#8230; &#8211; <a href=\"http:\/\/money.cnn.com\/2009\/12\/08\/real_estate\/lewie_ranieri_mortgages.fortune\/\">CNN Money Fortune<\/a><\/p>\n<div class=\"feedflare\">\n<a href=\"http:\/\/feeds.feedburner.com\/~ff\/mortgagenewsclips\/qTBe?a=gvw0l1SVt4g:26PfKDWWmgI:yIl2AUoC8zA\"><img decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~ff\/mortgagenewsclips\/qTBe?d=yIl2AUoC8zA\" border=\"0\"><\/img><\/a> <a href=\"http:\/\/feeds.feedburner.com\/~ff\/mortgagenewsclips\/qTBe?a=gvw0l1SVt4g:26PfKDWWmgI:D7DqB2pKExk\"><img decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~ff\/mortgagenewsclips\/qTBe?i=gvw0l1SVt4g:26PfKDWWmgI:D7DqB2pKExk\" border=\"0\"><\/img><\/a> <a href=\"http:\/\/feeds.feedburner.com\/~ff\/mortgagenewsclips\/qTBe?a=gvw0l1SVt4g:26PfKDWWmgI:F7zBnMyn0Lo\"><img decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~ff\/mortgagenewsclips\/qTBe?i=gvw0l1SVt4g:26PfKDWWmgI:F7zBnMyn0Lo\" border=\"0\"><\/img><\/a> <a href=\"http:\/\/feeds.feedburner.com\/~ff\/mortgagenewsclips\/qTBe?a=gvw0l1SVt4g:26PfKDWWmgI:V_sGLiPBpWU\"><img decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~ff\/mortgagenewsclips\/qTBe?i=gvw0l1SVt4g:26PfKDWWmgI:V_sGLiPBpWU\" border=\"0\"><\/img><\/a>\n<\/div>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~r\/mortgagenewsclips\/qTBe\/~4\/gvw0l1SVt4g\" height=\"1\" width=\"1\"\/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; NY City&#8217;s Tiniest Studio Apartment &#8211; NY Post &#8211; has slideshow &#8211; &#8230; Zaarath and Christopher Prokop &#8212; and their two cats &#8212; live in the smallest apartment in the city, a 175-square-foot &#8220;microstudio&#8221; in Morningside Heights that the couple bought three months ago for $150,000. At 14.9 feet long and 10 feet wide, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-75173","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/75173","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=75173"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/75173\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=75173"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=75173"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=75173"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}