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JPMorgan Chase & Co. (NYSE:JPM): Current price $48.01
JPMorgan would like to sell securities linked to new domestic home loans without government backing in its first such venture since the financial crisis that the debt helped ignite. An inside source said that the deal may close this month, adding that servicers of the underlying loans might include First Republic Bank and Johnson Bank. The market for the non-agency mortgage securities is rebounding as the Federal Reserve’s $85-billion a month of bond purchases help drive investors to search out potentially higher returns elsewhere.
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