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WAMU : Mortgage Loans, Rates, Home Buying, Selling, Foreclosures

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Chase OKs 138,000 Trial Mortgage Modifications

In what may be the largest foreclosure relief effort reported to date, Chase says it has approved 138,000 trial mortgage modifications through the Making Home Affordable program. Chase absorbed Washington Mutual last year, a major source of option ARMs. In total, Chase services about 10.3 million loans. “We have made terrific progress since April 6 [...]

3Jul2009 | | 0 comments | Continued