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  • JPMorgan suffered a $104m loss on its $47bn worth of prime mortgages in the second quarter, more than double its first-quarter loss, and warned that losses on prime mortgages could reach up to $300m a quarter next year.JPMorgan has already tightened lending standards for prime borrowers ??? reducing the size and the volume of these mortgages ??? especially in areas, such as California, where home
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