JPM Opts For Kinder, Gentler Mortgage Unit

18 Jul 2011

JPMorgan Chase has reorganized its mortgage unit, with a more borrower-friendly approach.

JPMorgan Chase has reorganized its mortgage unit, with a more borrower-friendly approach. The investment bank has renamed its “loss mitigation” department “borrower assistance,” and is shifting its foreclosure unit to one that works more aggressively with modifying loans. It also is assigning risk-management experts from its investment bank ...

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