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Home » Store » News » Chase Stays in Warehouse Lending, Joining Others

Chase Stays in Warehouse Lending, Joining Others

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After suffering $241 million in markdowns on its warehouse lending business last year, JPMorgan Chase seemed poised to bail out of warehouse lending entirely in 2009. But now the company has apparently reversed course, opting to provide lines of credit to only a handful of customers that sell mortgages to it on a correspondent basis. “Chase correspondents must have begun to...
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