Last week's proposed merger of Chase Manhattan Corp. and J.P. Morgan & Co., for $34.3 billion, would combine a leading residential mortgage industry player with a Wall Street firm that, when it comes to real estate finance, has been more active recently in spotlighting the commercial side of the business.

However, sources say that the mortgage portfolios of each of the banks is thought to be between $20 billion and $25 billion each, with relentlessly and actively managed portfolios - and a corporate combination of the two firms can very well lead to market dominance.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.