Chase Buys Big Chunk of Conventional Servicing from United Wholesale Mortgage
According to Chris Whalen, Chase has acquired a significant block of conventional servicing assets from United Wholesale Mortgage. Whalen notes the move aims to help raise cash to pay back a capital infusion from Oaktree Management.
tickerUWMCpersonChris WhalenpersonJulia La RochepersonVandy VartagecompanyChasecompanyUnited Wholesale MortgagecompanyOak Tree Management
The tape
1 quote
“We found out from a number of players in the industry that Chase had bought a big chunk of conventional servicing from United Wholesale Mortgage. They were trying to raise some cash because they want to pay back Oak Tree Management, which provided a $1.5 billion capital infusion”
Chris Whalen
Heard on The Julia La Roche Show — “#427 Chris Whalen: Warsh’s Credibility Is Eroding, Private Credit Beats Regulators, Mortgage Pain Ahead”, published Saturday, October 31, 2026. Heardvine summarizes and quotes with attribution and timestamps, and links to the original everywhere.