Stories Tagged as
Interest-only mortgages
How interest-only mortgages can be risky for borrowers and lenders
May 2, 2023
These mortgages were key to the economic climate that led to the 2008 financial crisis. First Republic had a lot of them.
For JPMorgan, loss sharing sweetened its deal to buy First Republic Bank
May 1, 2023
For one, help from the FDIC, which will absorb up to 80% of the losses coming from First Republic's residential and commercial loans.