Banks Resist Plans to Reduce Mortgage Balances By DAVID STREITFELD An official at JPMorgan Chase said mortgage reductions could reward households for taking on more debt than they could afford and was simply unworkable.
A Bold U.S. Plan to Help Struggling Homeowners By DAVID STREITFELD; SEWELL CHAN and LOUISE STORY CONTRIBUTED REPORTING. The new measures are aimed not only at the households that are behind on their mortgages but at the 11 million that simply owe more on their homes than they are worth.
U.S. Plans Big Expansion in Effort to Aid Homeowners By DAVID STREITFELD; SEWELL CHAN and LOUISE STORY CONTRIBUTED REPORTING. The Obama administration plans to announce a broad initiative to provide more assistance to homeowners who are behind on their mortgage or owe more than their house is worth.
Bank of America to Reduce Mortgage Balances By DAVID STREITFELD and LOUISE STORY Bank of America said that it would begin forgiving some mortgage debt of borrowers who could lose their homes.
