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

Nov. 02, 2012 5:30 PM ETJPMorgan Chase & Co. (JPM) StockJPM, METBy: Eric Jhonsa, SA News Editor4 Comments

JPMorgan (NYSE:JPM) is buying MetLife's (NYSE: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)

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