Originally Posted by
GUWonder
To answer your question: finally having the time to spend money and work on a project from home that couldn't be done when working in the office and/or related traveling was eating into the opportunity to do projects at home.
JPMorgan Chase's credit card portfolio is handled in such a way that it involves a bunch of securitization. There is plenty of lucrative business that comes from card-related securitization and the related derivatives business itself.
Hardly new.
Securitizing card debt took off when the MBS market dropped through the floor in the last financial crisis. What is new is that most securitizations involve a tighter sets of reps and warranties. That is what puts the squeeze on new credit today.