JPMorgan Chase: Mortgage Modifications Just as Effective Without Principal Reduction

HousingWire, Dec. 5, 2017–Jacob Gaffney
Reducing the amount a homeowner, facing default, owes on their mortgage sounds like it would be a great idea to include in a mortgage modification. But it’s likely just a feel-good factor, according to newly released research from JPMorgan Chase Institute, a think tank arm of the bank.