Comment on JPMorgan rides to the rescue again, snapping up mortgages worth $1.8 billion as part of PacWest merger

JPMorgan rides to the rescue again, snapping up mortgages worth $1.8 billion as part of PacWest merger

JPMorgan's headquarters in Manhattan.Leonardo Munoz/Getty Images JPMorgan is set to buy mortgages worth nearly $2 billion in PacWest's merger deal, per Bloomberg. The Wall Street bank will buy the single-family residential loans at a discount. PacWest and the Banc of California are merging in an all-stock deal to form a new, larger lender.

 

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