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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.