A planned expansion in the Washington, D.C., area by JPMorgan Chase & Co. will bring thousands of new jobs, including mortgage positions, to the region.

The New York-based financial institution announced the planned expansion into the Maryland-Washington, D.C.-Virginia area on Thursday.

With the additional branches and employees, Chase plans to commit $4 billion for regional home and small business lending and increase its lending for affordable rental housing.

Source: Mortgage Daily