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.
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