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Archive Home > 2011 > July > 03 > Big U.S. banks ease terms on mortgages deemed to be risky

Big U.S. banks ease terms on mortgages deemed to be risky

By David Streitfeld / The Bulletin
July 3, 2011

As millions of Americans struggle in foreclosure with little hope of relief, big banks are going to borrowers who are not even in default and cutting their debt or easing the mortgage terms, sometimes with no questions asked.

Two of the nation’s biggest lenders, JPMorgan Chase and Bank of....

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