Chase Manhattan Mortgage Corp. is making a big expansion move by buying $19.3 billion in servicing rights even as it reportedly struggles to integrate its Chase and Chemical units.

Industry sources said the move is a vote of confidence for Chase Manhattan Corp.'s mortgage unit. Chase is making a significant investment - estimated at $250 million to $300 million based on recent transactions - even though it hasn't completely finished merging the servicing operations of the former Chase and Chemical mortgage companies.

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