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Real Estate & Property Law

: Housing Wire

Chase Latest to Exit Wholesale Lending; Anyone Left?

By DIANA GOLOBAY

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JP Morgan Chase & Co. (JPM: 26.35 +5.78%) announced Tuesday it would cease its wholesale lending operations to brokers. National Mortgage News broke the story late Tuesday, and a Chase spokesperson forwarded to HousingWire a copy of an internal company memo explaining the shift. In a letter to employees signed by Dave Lowman, who runs [...]

Full post as published by Housing Wire on January 13, 2009 (boomark / email).

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