Updated Friday, July 25, 2014 as of 11:07 AM ET
- Bank Channel
Big Banks Keeping Choicest Mortgages Rather than Sell to GSEs
by: Kate Berry
Friday, May 23, 2014
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JPMorgan Chase (JPM) and Wells Fargo (WFC) are retaining more high-quality, conforming mortgages that they would normally sell to Fannie Mae or Freddie Mac, raising concerns that the banks are adversely selecting the weakest loans for the government-sponsored enterprises.

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