JPMorgan Chase Freezes Foreclosures (BusinessWeek Online)

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BusinessWeek Online - In what may the biggest sign yet that banks are getting serious about attacking the nationwide wave of home foreclosures, giant JPMorgan Chase announced on Oct. 31 that it is sharply ramping up its efforts to restructure the loans in its massive mortgage portfolio. For the next 90 days, JPMorgan will not place any new homes into foreclosure.

--- BusinessWeek Online ...



categoriaPersonal Finance commentoNo Comments dataNovember 3rd, 2008

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  • California lawmakers urge 120-day foreclosure halt (Reuters)