Chase to Modify Investor-Owned Loans

Chase to Modify Investor-Owned Loans 16Jan09 Chase today expanded its loan modification program to include another $1.1 trillion in investor-owned mortgages it services. The company said it believes it can legally modify such loans, even those held in securitizations, based on its review of investor agreements and its experience with investors and trustees to date. In other words, it's become so bad that investors are willing to try anything to mitigate losses on their soured mortgage

Read More...