In Brief: Morgan Chase Buys Loan Record Keeper

NEW YORK — J.P. Morgan Chase & Co. said Thursday that it has acquired Colson Services Corp., a financial record keeping business for government-guaranteed and nonguaranteed loan programs.

Terms of the purchase were not disclosed.

Colson Services will operate as a unit of Morgan Chase within its institutional trust services division, formerly Chase Capital Markets Fiduciary Services.

Colson Services, founded in 1987, services 85,000 secondary-market loans with an outstanding value of more than $30 billion.

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