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Real Estate & Property Law

: The Home Equity Theft Reporter

JP Morgan To Modify Troubled Securitized Mortgage Loans; Doesn't Believe Actions Will Violate Investor Agreements

By r morris

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In New York City, Reuters reports: JPMorgan Chase & Co., the second-largest U.S. bank by assets, on Friday said it will boost home foreclosure prevention efforts by modifying loans tied up in securitizations, in addition to the loans it owns.***"Chase believes it can legally modify the vast majority of its mortgages owned by investors consistent with the relevant investor agreements and the best

Full post as published by The Home Equity Theft Reporter on January 16, 2009 (boomark / email).

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