03
Nov
JPMorgan Chase Freezes Foreclosures (BusinessWeek Online)
Filed Under (Personal Finance) by on 03-11-2008
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.
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