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.
JPMorgan Chase sells mortgage branch to Wingspan
Most Popular Articles
Latest Articles
Anywhere reports losses during the slower winter season
Anywhere Real Estate felt the brunt of the challenging housing market in Q1 2024 as the company reported a loss of $101 million.