Feb 6, 2024

Are you my mortgage servicer?

Ralf Hahn/Getty Images

Why your loan might change hands a few times. Plus, what's up with the price of lithium?

Segments From this episode

Household debt grew in the third quarter of last year

by Kai Ryssdal and Sean McHenry

“Marketplace” host Kai Ryssdal talks to Catherine Rampell at The Washington Post about the state of U.S. household debt and the overall tone of the economy.

Listen Now

What's going on with China's stock market?

by Matt Levin

Feb 6, 2024

Since 2021, China’s stock markets have lost about $7 trillion in value, which has implications for the global economy.

China's President Xi Jinping is reportedly considering government interventions to cushion China's falling stocks. Above, men walk outside the Hong Kong Stock Exchange.

Isaac Lawrence/AFP via Getty Images

LISTEN

EMBED

Why does a bank sell your mortgage?

by Samantha Fields

Feb 6, 2024

Most are sold into the secondary market, which increases liquidity and makes it easier to get a mortgage at a lower interest rate.

Today, upward of 70% of mortgages are sold into the secondary market, typically bundled with others to create a mortgage-back security. It can be annoying, though, when your servicer changes.

Brandon Bell/Getty Images

LISTEN

EMBED

JPMorgan Chase announces brick-and-mortar bank expansion in a digital age

by Stephanie Hughes

Feb 6, 2024

The country's largest bank says it will open more than 500 new branches and renovate another 1,700. That's good for customers, but what's in it for the bank?

JPMorgan Chase will open up more than 500 new brick-and-mortar branches, some in new markets where the bank doesn't have as much of a presence.

Spencer Platt/Getty Images

LISTEN

EMBED

Music from the episode

"Tangerine" Beach Fossils

"The Wad" Vels Trio

"It's Only" ODESZA, Zyra

"Lithium" Nirvana; cover by Guitar Tribute Players

"Goodness" Emancipator

The team

Nancy Farghalli Executive Producer

Maria Hollenhorst Producer II

Andie Corban Producer I

Sarah Leeson Producer I

Sean McHenry Director & Associate Producer II

Richard Cunningham Associate Producer I

Sofia Terenzio Assistant Producer

Jordan Mangi Assistant Digital Producer

Latest Episodes From Our Shows

5:30 PM PDT