Loss Mitigation
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Chase-ing Mortgage Modifications
Jun 30, 2009JP Morgan Chase [stock JPM][/stock] announced today that it has approved 138,000 trial mortgage modifications since April 6 for homeowners on the precipice of foreclosure. Processing began through President Obama’s Making Homes Affordable program, which was unveiled in April. Chase has approved 87,100 trial modifications through MHA, and 44,100 have made their first payment. But for loans that do not meet MHA’s qualifications, Chase offers another tier of modification. Chase has approved through its own program 50,900 loans, and 9,500 have made their first payment.
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M&I Pushes 10 Months of Moratorium
Jun 26, 2009 -
California Foreclosure Sales up 32% in May
Jun 17, 2009 -
Genpact Moves into Loan Mod Outsourcing
Jun 03, 2009 -
Delinquencies up 43% from 2008
May 27, 2009 -
Mortgage Service Network Expands
May 15, 2009 -
Title Insurer Taps Servicing Business
May 15, 2009 -
Homeowner Denial Eases
May 14, 2009 -
In REO Auction, a Winner by Default
May 06, 2009 -
Senate Crams Cramdowns
May 01, 2009 -
ProVest Taps National City Vet for VP Role
Apr 21, 2009
