Chase, the U.S. consumer and commercial banking brand of JPMorgan Chase & Co, announced Monday that it
will provide additional help to struggling homeowners by joining the second-lien program under the Home Affordable Modification Program (HAMP).
Known as 2MP, the second-lien modification program is designed to work in tandem with HAMP to lower homeowners’ payments on both their first and second mortgages. To qualify for the program, homeowners must successfully complete a trial modification on their first mortgage.
Qualified homeowners may see the interest rate on their...