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Monday, November 3, 2008
Chase, WaMu say they'll ease terms on 400,000 risky home loans

    JPMorgan Chase & Co., one of the biggest beneficiaries of the federal government's bank bailout program, says it's returning the favor by temporarily halting foreclosures, hiring 300 mortgage counselors and easing terms on up to 400,000 home loans by Chase Mortgage Co., the former Washington Mutual's mortgage operations, and the former Bear Stearns & Co.'s EMC mortgage unit. That's on top of 250,000 home loans Chase and WaMu say they've already eased. Statement here.

Posted by Joseph N. DiStefano @ 9:19 AM  Permalink | Post a comment
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About Joseph N. DiStefano
Joseph N. DiStefano writes this blog to feed his PhillyDeals column, which is printed in the business pages of The Philadelphia Inquirer every Sunday, Tuesday, Wednesday, Thursday and Friday. Joe has worked at the Inquirer, mostly, since 1988. He has also written for Bloomberg and Gannett, authored the book Comcasted, majored in economics at Penn, and fathered six children. Reach Joe at 215-854-5194 and JoeD@phillynews.com

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