Updated from 3:32 p.m. EST
JPMorgan Chase (JPM), Wells Fargo (WFC) and Citigroup (C) were among the banks to say on Wednesday that they strongly support President Barack Obama's plan to modify mortgages in order to prevent another wave of foreclosures.
The banks hailed the administration's two-pronged attack, called the "Making Home Affordable" program, aimed at keeping struggling but responsible borrowers in their homes. The first part of the fix seeks to help as many as 4 million Americans by modifying monthly loans payments to be no more than 31% of the borrower's income.
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