Chase Boosts Mortgage Lending

Chase has announced that it originated $39.2 billion in mortgages in the third quarter, an increase of 35% from the level recorded a year earlier.The company reported that its originations totaled $119 billion for the first nine months, a 33.6% increase, despite pullbacks by competitors. "Chase is able to originate a wide range of mortgages and home equity products because it has the flexibility to fund the loans directly rather than relying solely on the secondary market," the company said. Chase, the U.S. consumer and commercial banking brand of JPMorgan Chase & Co., can be found on the Web at http://www.chase.com.