JPMorgan Chase said it will sell a Melbourne mortgage banking and borrower assistance operation, which employs about 400 people, to Wingspan Portfolio Advisors.
A JPMorgan representative said in a statement that a steadily improving housing market means fewer homeowners are falling behind on their mortgage payments, and the bank doesn’t need as many resources to service and pursue defaults.
Articles written by HousingWire Staff are non-bylined, and typically involve press release coverage and aggregation of coverage appearing elsewhere. So who put all these together? Our entire staff does!see full bio
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Why housing demand is up and inventory is down in 2026
Pending sales rose to 75,856 vs 72,039 in 2025 as inventory turned negative year over year with mortgage rates near 6.58%.
Articles written by HousingWire Staff are non-bylined, and typically involve press release coverage and aggregation of coverage appearing elsewhere. So who put all these together? Our entire staff does!see full bio