Chase Mortgage Modification Report

Affordable, permanent, transparent and timely mortgage modifications using principal reduction are necessary to protect New York families, communities and economy. A variety of experts -from the Chair of the FDIC to the State Foreclosure Prevention Working Group (made up of state Attorneys General and state banking regulators) - have made this point during the last several years. As the country's third-largest mortgage servicer, Chase has a major responsibility to modify mortgages - a responsibility at which they are failing. This report examines the extent to which Chase is harming families and communities in New York by their across-the-board refusal to modify the mortgages of struggling homeowners.

source: 2014
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