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JPMorgan has added greater than 1,000 workers this 12 months to deal with the swell in mortgage enterprise, mentioned Mike Weinbach, its chief government of mortgage banking. He believes U.S. lenders will make about $1.eight trillion of mortgage loans this 12 months, 40 p.c greater than he had expected in the beginning of the yr. The default fee for small businesses with credit score underneath a $1 million stood at 1 p.c in 2014 however is seen … Read more