JPMorgan Chase (JPM) has more than tripled its holdings of mortgage securities without U.S....

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

JPMorgan Chase (JPM) has more than tripled its holdings of mortgage securities without U.S. government guarantees to $72B from $19B at the end of 2009, as it adds foreign debt including bonds tied to U.K. and Dutch mortgages. JPM’s buying contrasts with other big U.S. banks, which are trimming holdings of U.S. subprime securities and expanding agency notes guaranteed by GSEs.