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- economie.moldova.org
J.P. Morgan to refinance risky mortgages (Moldova.org) J.P. Morgan Chase & Co. says it will modify the terms of $70 billion in troubled, mostly adjustable-rate mortgages it holds.The New York bank inherited many of the loans as part of its September purchase of a failed competitor, Washington Mutual Inc., and its move will cover as many as 400,000 borrowers. J.P. Morgan said Friday the borrowers will be moved into loans carrying lower interest ...
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