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- Nov 23, 2005
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JP Morgan Chase has announced that they will rewrite the terms on real estate loans for up to 400,000 borrowers. These customers will be moved into mortgages with lower interest rates, smaller principal amounts and more-affordable terms. They're hoping that other mortgage lenders will follow their example.
Massive Effort to Save Mortgages - WSJ.com
Massive Effort to Save Mortgages - WSJ.com