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Real Estate & Property Law

: Housing Wire

Chase Rolls Out Modification Program, Halts Some Foreclosures

By KELLY CURRAN and PAUL JACKSON

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JP Morgan Chase & Co. (JPM: 40.63 -1.50%) became the latest large lender to launch an aggressive loan modification plan on Friday, saying it would look to implement a “mass mod” program while voluntarily enacting a foreclosure moratorium on loans it owns in an effort to qualify existing troubled borrowers for the new, expanded program. “It [...]

Full post as published by Housing Wire on November 03, 2008 (boomark / email).

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