Volume 2014 - Number 9
March 6, 2014
Chase Shrinking Mortgage Operations in an Effort to Decrease Volatility, Increase Quality
JPMorgan Chase is scaling back its mortgage origination and servicing operations to control costs and focus on retail production. “We are committed to the mortgage business in the long term,” said Kevin Watters, CEO of Chase Mortgage Banking, during a presentation for investors last week. “But it’s going to be a smaller, less volatile, higher-quality business." Chase plans...
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