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JPMorgan to ramp up loan help

Lender to tackle $70b in effort to avoid foreclosures

As part of its effort to renegotiate $70 billion in loans, JPMorgan will establish 24 homeowner centers and hire 300 loan counselors. As part of its effort to renegotiate $70 billion in loans, JPMorgan will establish 24 homeowner centers and hire 300 loan counselors. (Mark Lennihan/Associated Press)
By Kimberly Blanton
Globe Staff / November 1, 2008

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JPMorgan Chase, one of the nation's largest banks, said yesterday it ramped up a program to help borrowers modify their mortgages so that they can afford their monthly payments and prevent foreclosures. (Full article: 584 words)

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