Chase & Bank of America Want To Keep You In Your Home
It's easy to be skeptical of banks implementing programs that offer friendly advice on mortgages and homeownership. After all, didn't banks get us into a housing crisis in the first place?
JP Morgan Chase Expands on Its Loans
During the first week of October 2008, JP Morgan Chase, one of the oldest and biggest New York financial institutions, became the latest major banking institutions to expand on its loan modification program in the hope of helping their borrowers avoid foreclosure. To understand how JP Morgan Chase became riddled with troubled mortgage loans despite its reputation as an investment company, it is important to look back on its recent history and acquisitions.
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