“JPMorgan to buy almost $2 billion of mortgages in the PacWest deal”
July 27, 2023
“JPMorgan Chase & Co will buy almost $2 billion worth of mortgages to facilitate Banc of California’s purchase of PacWest Bancorp, a source with knowledge of the matter told Reuters. The investment bank has entered into an agreement to buy $1.8 billion of single-family residential loans at a discount, the source said…”
https://finance.yahoo.com/news/jpmorgan-buy-almost-2-billion-181522350.html