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Consumer Law

: Caveat Emptor

Chase sees the light, wants to rework 400,000 subprime mortgages

By Sam Glover

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Chase announced a plan Friday to rework up to $70 billion in mortgages for borrowers who are already behind, but also for those who may soon be behind. The move by the New York bank will cover as many as 400,000 borrowers. They’ll be moved into loans carrying lower interest rates, smaller principal amounts or other [...]

Full post as published by Caveat Emptor on November 01, 2008 (boomark / email).

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