J.P. Morgan

J.P. Morgan Chase & Co. on October 31st, 2008 announced a plan to modify $70 billion in mortgages which translates to helping as many as 400,000 homeowners nationwide. J.P. Morgan is following right behind another big bank, Bank of America which disclosed earlier in the month of their loan modification plan. Their plan consisted of working with as many as 397,000 homeowners nationwide.