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JPMorgan battles falling refi volumes

U.S. banks’ share of leveraged loans to middle-market companies contracted again last year, falling to 9% of overall middle-market volume, according to S&P Capital. To be sure, lenders lost some.

“The recent pause in the upward movement of interest rates continues to encourage late-to-the-game borrowers to refinance.” According to Black Knight, Q1 2017 refinance lending took the largest hit with a 45 percent overall drop over the previous quarter. Among those with credit scores of 740 and above, refinance volumes were cut in half.

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Some of the triggers for default include an inability to continue servicing debt by paying the semi-annual interest on the bonds, as well as an inability to repay or refinance the bonds upon maturity..

Amid Bitcoin’s price slide this year, transaction volumes have also slumped. Data shows Bitcoin transactions falling in line with downward. Berkshire Hathaway’s Warren Buffett and JP Morgan chief.

LONDON, Jan 3 (Reuters) – Syndicated lending in Europe, the Middle East and Africa (EMEA)slumped to US$914bn in 2016, showing a 21% year-on-year fall, according to Thomson Reuters LPC data, as.

Rising rates have crushed refinancing volume, making unnecessary many of the employees the bank brought on to handle much higher volume when rates were falling. The moves are only part of the massive.

JPMorgan accused of mortgage discrimination  · Let’s Use Fannie And Freddie To Bail Ourselves Out By Refinancing Everyone’s Mortgage — Says Glenn Hubbard. But falling house prices have made it.

JPMorgan Chase & Co, looking to stem falling revenue in its mortgage business as fewer Americans refinance, is increasingly buying loans from smaller lenders, a practice that competitors including.

(Reuters) – JPMorgan. fall, depending on the performance of the employee’s unit, and his or her own work, the sources said. In mortgage lending, for example, overall pay is expected to be down.

Source: JPM 2013 10K Filing This fall was mainly due to lower volumes and margins. specifically mortgage borrowing and refinancing. This made banks like JPMorgan add resources and expand their.

The bad loans crisis in India will not help to boost falling volume. Refinancing, amendments, and debt repayment accounted for the majority share of the market with 35.6% of volume. New M&A-related loans have stalled compared to last year with volume declining to $4.3bn in the first 9 months-highlighting dwindling new money hitting the market.

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