JP Morgan to Modify $70 Billion - 400,000 Families

11/4/2008

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J.P. Morgan Chase Unveils Mortgage Foreclosure Initiative   Tue, 4 Nov 2008 11:54:37 EST J. P. Morgan Chase & Company has announced that it will make its own contribution to stemming the tide of foreclosures sweeping the country by modifying around $70 billion of its owned mortgages that are in or nearing default. The company has targeted 400,000 families for the rescue program.? This is in addition to what it claims are 250,000 families which have already been helped in the earlier restructure of some $40 billion in loans. Read Full Story Email This Story To A Friend   TODAY'S VIDEO NEWS Bookmark this page or subscribe to our video RSS Feed and visit daily for breaking Mortgage and Real Estate related news. Housing's Impact on Virginia Voting CNBC Videos 11/4/2008 1:19:07 PM Declining home prices could turn the normally red state of Virginia blue, reports CNBC's Diana Olick The New Game of "Tarping" CNBC Videos 11/4/2008 3:12:33 PM CNBC's Steve Liesman has more on the new game of "tarping." Hedge Fund Redemptions? CNBC Videos 11/4/2008 10:24:25 AM Redemptions for debt-focused hedge funds could force selling, with CNBC's David Faber Navigating the New Economy CNBC Videos 11/4/2008 10:48:23 AM Companies are trying to find their way around the new environment, with Ron Defeo, Terex president/CEO $700B For Who? CNBC Videos 11/4/2008 10:48:23 AM The Treasury may take stakes in more than just banks and insurers, reports CNBC's Steve Liesman   Please send any feedback or suggestions directly to our editor at info@MortgageNewsDaily.com. To UNSUBSCRIBE login to our Members Area and use the Unsubscribe Feature. Your User Name is your Email Address. If you forgot your Password use our 'Forgot Password' feature. DO NOT REPLY TO THIS EMAIL.