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Chase Dumps Broker Subprime, HEL

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05-15-2008, 10:41 PM

Veronica Corningstone Veronica Corningstone is offline

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Chase Dumps Broker Subprime, HEL

May 16 is the last day that Chase Wholesale will accept subprime or home equity loans, the company said in a bulletin. "As we continue to analyze and manage our product set, Chase has made the decision to discontinue offering our subprime and home-equity products through our wholesale channel.," the notice stated. Chase had already been trimming its HEL and subprime operations.

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