JPMorgan (JPM) is buying MetLife's (MET) $70B bank mortgage servicing portfolio for an...

|About: JPMorgan Chase & Co. (JPM)|By:, SA News Editor

JPMorgan (JPM) is buying MetLife's (MET) $70B bank mortgage servicing portfolio for an undisclosed sum. The deal boosts the size of Chase's $1.1T Servicing business by over 5%. MetLife says its entire retail banking business made up less than 2% of its 2011 operating income. (PR)