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(Image from article: "U.S. home foreclosures set another record in July")

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JPMorgan pushes out mortgage head Lowman

JPMorgan Chase & Co has pushed out its head of home lending, David Lowman, who was sidelined in February after the bank racked up billions of dollars in losses on soured mortgages and became mired in litigation over a wave of foreclosures.

 

U.S. home foreclosures set another record in July

U.S. home foreclosures set another record in July

U.S. home loans failed at a record pace in July despite ongoing federal and state programs to avoid foreclosures, which have severely strained housing and the economy.

 

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