- Offering $7 billion in relief to struggling homeowners
- Reducing customers’ principal balance by an average of $97,000 for 1 st lien modifications
- Forgiving an average of $118,000 to facilitate a short sale for those who don’t qualify for a modification or no longer want to stay in their homes
- Making it easier for customers to do business with us by implementing all 320 servicing standards as outlined in the national mortgage settlement
About ChaseChase is the U.S. consumer and commercial banking business of JPMorgan Chase & Co. (NYSE: JPM), a leading global financial services firm with assets of $2.3 trillion and operations in more than 60 countries. Chase serves more than 50 million consumers and 4 million small businesses through more than 5,500 bank branches, 17,500 ATMs, credit cards, mortgage offices, and online and mobile banking as well as through relationships with auto dealerships. More information about Chase is available at www.chase.com.