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Updated from 2:55 p.m. EDT
JPMorgan Chase(JPM Quote) has found a new source of trouble -- its prime mortgage portfolio.
The banking titan said Thursday that it could see losses as high as $300 million a quarter by sometime in 2009 in its $47 billion prime loan portfolio, triple from current levels.
CEO Jamie Dimon attributed the rise in prime loans written off to a surge in high loan-to-value jumbo loans gone bad as a result of the poor housing markets. ...
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