JPMorgan, Wells, Lone Star Said to Win Anglo Irish U.S. Loans

JPMorgan Chase & Co., Wells Fargo & Co. and Lone Star Funds won the bidding for Anglo Irish Bank Corp.’s $9.65 billion portfolio of U.S. real estate loans, according to three people briefed on the auction’s results.

JPMorgan and Wells Fargo each won pools of mainly performing loans, said one of the people, who asked not to be named because the results haven’t been made public. Lone Star, the Dallas-based investor in distressed mortgages, will buy subperforming and nonperforming loans that account for about half of the portfolio, the person said.