MAXEX Secures Strategic Investment From J.P. Morgan

MAXEX, creator of a digital mortgage exchange to enable the trading of residential loans through a single clearinghouse, has secured a strategic investment from J.P. Morgan (NYSE: JPM), with participation from existing MAXEX investors AGNC Ventures and Moore Asset Backed Fund, LP. The investment is intended to accelerate broad market adoption of the MAXEX exchange platform for buying and selling loans in the U.S. non-agency mortgage market. Terms of the investment were not disclosed.

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