JP Morgan, Morgan Stanley Pull Back on MortgagesHousing Wire -19 minutes agoJP Morgan pulled the plug on all non-agency loan products in its broker channel late last week, forcing any volume coming from its third-party origination ... The mortgage loan itself is made by a bank, a savings and loan association, a mortgage company, a credit union, or any other lender. For it to become an FHA mortgage loan, the lender would have to be approved by the Federal Housing Administration.
