Published: November 8, 2010
Tags: Bank of America, foreclosure, Home Affordable Modification Program, JPMorgan Chase, Washington Mutual
Comments: 1
By Jacob Adelman AP Writer Los Angeles — Grocery store owners William and Esperanza Casco were making enough money to stay current on their mortgage, but when JPMorgan Chase & Co. offered a plan that reduced their payments, they figured they could use the extra cash and signed up. The Cascos said they never missed [...]
By MARTIN CRUTSINGER AP Economics Writer WASHINGTON (AP) — With the foreclosure crisis showing no signs of relenting, the Obama administration plans to expand a program aimed at helping people remain in their homes. The goal of the announcement, expected Monday, is to increase the rate at which troubled home loans are converted into new [...]
By MARTIN CRUTSINGER AP Economics Writer WASHINGTON (AP) — The Obama administration, battling a foreclosure crisis that shows no signs of relenting, will step up pressure on mortgage companies to do more to help people remain in their homes, officials said Saturday. The administration will announce its expanded program on Monday, Treasury spokeswoman Meg Reilly [...]