Recession Bursting; The JP Morgan Approach!
With defaults on the rise JP Morgan is apparently hearing the beat of a different drummer, as illustrated by their recent announcement that they will be hiring over 1100 new loan officers this year. Just in case you missed it, JP Morgan is the Wall Street bank who purchased home loan behemoth Washington Mutual for a fraction of their worth, when the real estate market collapsed, with tax payers money, of course. Does that jog your memory? Pretty sure it helped out.
JP Morgan also purchases the fallen Wall Street foe, Bear Stearns, after Bear was rejected for bailout fund by former Goldman Sachs head Ben Bernanke and his crony, Hank Paulson.
The central strategy for hiring the additional 1200 loan officers is to place them across the country in loan centers and banks, for easy access to all real estate markets. The confusing part is the reasoning for the hiring decision. The explanation states that they can render the best service to people seeking home loans and be best positioned for when the real estate market does in fact turn around. They said that without using as many words.
All of this leads you to ask exactly what are they seeing that so many other are apparently not seeing? They are hiring when it seems every other business is laying people off? That does not make any sense to me, unless they know something not many other people do.
To get to the heart of the matter, I will make my main point. The largest banks in the U.S., including JP Morgan and Goldman Sachs, have been deliberately holding back on funding to create a sense of urgency on the real estate market for buyers and sellers.
You frequently see these kinds of confusing moves when an accounting department is trying to hide something that they don't want divulged, but this action may signal a turn around for our national real estate market! - 23226
JP Morgan also purchases the fallen Wall Street foe, Bear Stearns, after Bear was rejected for bailout fund by former Goldman Sachs head Ben Bernanke and his crony, Hank Paulson.
The central strategy for hiring the additional 1200 loan officers is to place them across the country in loan centers and banks, for easy access to all real estate markets. The confusing part is the reasoning for the hiring decision. The explanation states that they can render the best service to people seeking home loans and be best positioned for when the real estate market does in fact turn around. They said that without using as many words.
All of this leads you to ask exactly what are they seeing that so many other are apparently not seeing? They are hiring when it seems every other business is laying people off? That does not make any sense to me, unless they know something not many other people do.
To get to the heart of the matter, I will make my main point. The largest banks in the U.S., including JP Morgan and Goldman Sachs, have been deliberately holding back on funding to create a sense of urgency on the real estate market for buyers and sellers.
You frequently see these kinds of confusing moves when an accounting department is trying to hide something that they don't want divulged, but this action may signal a turn around for our national real estate market! - 23226
About the Author:
The author enjoys writing articles about christian real estate agent boise idaho & boise short sales. Click on the above links to learn more about these topics!
posted by X - Men @ 2:56 AM
0 Comments
0 Comments:
Post a Comment
Subscribe to Post Comments [Atom]
<< Home