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JPMorgan ramps up to modify $70B in mortgage loans
Article Link   34 Views   8 Visits   By Theo on Oct 31 2008, 1:12 pm
www.usatoday.com - NEW YORK (AP) — JPMorgan Chase (JPM) said Friday that it is expanding its program to modify mortgages to try to avoid foreclosures on up to $70 billion in loans.The loan-modification program will also be offered to customers with loans held by Wash... (Read More)
Finance Crisis Hits Credit Card Business
Article Link   30 Views   7 Visits   By Theo on Oct 31 2008, 1:09 pm
voices.washingtonpost.com - The financial crisis appears to be spreading to the credit-card business.Credit card companies say that their charge-offs of delinquent debt from card-holders have spiked to 5.5 percent, and could jump to 8 percent in coming months, a level not seen ... (Read More)
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