Major lender will open home loan
counseling centers
Source:
Informa Research Services
(02/04/2011) One
of the nation's largest home loan issuers will soon open counseling centers for
troubled consumers in a number of states across the country.
In
the coming months, JPMorgan Chase will open 25 new homeownership centers in 19
states all over the U.S. The new centers, which will help financially challenged
borrowers receive counseling and other types of assistance from mortgage
professionals, will include locations in 12 states for the first time:
Connecticut, Indiana, Kentucky, Louisiana, Maryland, Massachusetts, Minnesota,
Missouri, North Carolina, Oregon, Utah, and Wisconsin.
In
addition to counseling, troubled homeowners may also benefit from refinancing
their existing mortgage, which can save them hundreds of dollars a month. Many
consumers will check online rate tables to find the best
local refinancing rates.
The
best way to help borrowers find ways to stay in their homes is to sit down
face-to-face and discuss their individual circumstances," David Lowman, CEO of
Chase Home Lending.
Chase
has found considerable success with its counseling centers, as more than 120,000
consumers have visited in an effort to stay in their homes since 2009, the
report said. In all, the expansion will bump the number of locations to 76 in 27
states and Washington, D.C.
