At its current pace, JPMorgan (JPM) may run out of HARP loans to refinance by September, says...

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

At its current pace, JPMorgan (JPM) may run out of HARP loans to refinance by September, says Bank of America. Chase has the most capacity of all major servicers and was early and aggressive in getting customers refinanced. The capacity is on the way out as last week, the bank said it will cut 13-15K jobs at its mortgage banking unit by 2014's end.