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Home » Store » Profitability » JPMorgan Chase Adjusting Its Servicing Portfolio

JPMorgan Chase Adjusting Its Servicing Portfolio

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Servicing

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Although JPMorgan Chase recently inked a deal to buy $45 billion of Fannie Mae mortgage servicing rights from Ocwen Financial, the bank plans to keep shedding receivables, at least over the short term. In particular, according to interviews with deal makers and analysts, Chase could see its “servicing for others” portfolio fall to $600 billion from $800 billion over the next few years before it begins rising again. “These reductions will come in the form of runoff and ...
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