Bloomberg News

Dimon Says ‘You’ve Seen the Worst’ in U.S. Mortgage Losses

June 02, 2011

June 2 (Bloomberg) -- Jamie Dimon, JPMorgan Chase & Co.’s chairman and chief executive officer, said losses have peaked for the U.S. mortgage industry.

“You’ve seen the worst” in losses from that business, Dimon said today at a conference in New York sponsored by Sanford C. Bernstein & Co.

Dimon said U.S. home prices will slip a little more.

To contact the reporter on this story: Dawn Kopecki in Washington at dkopecki@bloomberg.net

To contact the editor responsible for this story: Steve Dickson at sdickson1@bloomberg.net


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