Posts tagged as:

chase mortgage modification

JP Morgan Chase wants interest only loan modifications in Obama Plan

by Moe Bedard

Banks will push the Obama administration to expand its mortgage-modification program to allow interest-only periods on reworked loans, seeking to bring more homeowners into the initiative while recognizing concern that it may only postpone defaults, according to JPMorgan Chase & Co.

“We’re working with our peers to develop a proposal to present,” Douglas Potolsky, a senior [...]

0 comments Read the full article →

Did Chase Stop Loan Modifications?

by Moe Bedard

Over in our free loan modification forum, a member and client of Chase said that they have temporarily halted all loan modifications. Did anyone else here this?
Click here to read the news:
diana0806  diana0806
Senior Member
Join Date: Aug 2008
Posts: 121

Re: All Chase Modification on Hold!!!
Yes, i was told the same thing today. But i was told they [...]

51 comments Read the full article →

Chase to Offer $1.1 Trillion in Loan Modifications

by Moe Bedard

Great news for Chase borrowers! You now have the most loan modification friendly lender in the country.

Chase announced Friday that they plan to modify a whopping $1.1 trillion in loans it services that tied up in securitizations (AKA Mortgage Backed Securities or Investor Owned Loans). They also plan to include mortgages in its portfolio .

5 comments Read the full article →

JPMorgan Chase Announces $110 Billion Loan Modification Program

by Moe Bedard

JPMorgan Chase & Co. (JPM) the largest U.S. bank by market value, plans to offer $110 billion in loan modifications of mortgages with plans to expand its modification program within the next 90 days to help 400,000 homeowners avoid foreclosure.

In addition, Chase plans to forgo foreclosure proceedings on all real-estate loans while the changes are [...]

23 comments Read the full article →

Stop Foreclosure With Chase

by Moe Bedard

In researching Chase I have found that they are very active in doing what they can to stop foreclosure and help people nation wide. They have made more than $4 million in philanthropic grants to support financial education programs and initiatives, $2.4 million of which was for mortgage counseling.
They have a toll free number for [...]

31 comments Read the full article →