Friday, October 31, 2008

One Area of Opportunity in Current Job Market

According to an article in the 31 October on-line San Francisco Business Journal, "J.P. Morgan Chase & Co. won’t put any more homes into foreclosure for the next 90 days while it implements a plan to help borrowers stay in their homes.

The plan will include proactive offers to refinance mortgages on more affordable terms and a network of 24 regional counseling centers that will help homeowners.

Chase will hire 300 loan counselors and 150 people to review mortgages before they are placed into foreclosure to ensure homeowners were offered modifications first."

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