Gothamist
A non-profit newsroom, powered by WNYC.
Gothamist
Listen Live
News
October Surprise from Chase: No More Foreclosures
By
Billy Parker
Published Nov 1, 2008
Modified Nov 1, 2008
Share
FacebookTwitterRedditEmail
Never miss a story
Email address
By submitting your information, you're agreeing to receive communications from New York Public Radio in accordance with our Terms .
By
Billy Parker
Published Nov 1, 2008
Modified Nov 1, 2008
Share
FacebookTwitterRedditEmail
We rely on your support to make local news available to all
Make your contribution now and help Gothamist thrive in 2026. Donate today
Gothamist is funded by sponsors and member donations
JP Morgan Chase announced yesterday that it will take a break from leaving Americans in the cold and hold off on foreclosures for the next ninety days. A JP Morgan executive told the press, "We felt it is our responsibility to provide additional help to homeowners during these challenging times. We will work with families who want to save their homes but are struggling to make their payments." In the interim, the company will attempt to find ways to make payments easier on the $110 billion of problem mortgages. Meanwhile in Washington yesterday, Barney Frank complained that banks thus far are using their portion of the $700 million government bailout for "bonuses, dividends and acquisitions."
Tagged
bailout
barney frank
financial crisis
foreclosure
jp morgan chase
Billy Parker
Read more
Gothamist is funded by sponsors and member donations
Gothamist is funded by sponsors and member donations
MORE news
NY Gov. Kathy Hochul, Bruce Blakeman spar over immigration, cost of living in debate
The Democratic incumbent repeatedly invoked President Donald Trump. The Republican challenger largely avoided bringing up New York City Mayor Zohran Mamdani.
By
Jon Campbell
Published Oct 13, 2026 at 9:05 p.m. ET
Manhattan neurologist charged with sexually abusing 2 patients, DA says
Prosecutors say Dr. Tariq Lamki abused two patients during appointments at a medical practice near Stuyvesant Town.
By
Giulia Heyward
News
Manhattan neurologist charged with sexually abusing 2 patients, DA says
Prosecutors say Dr. Tariq Lamki abused two patients during appointments at a medical practice near Stuyvesant Town.
By
Giulia Heyward
Years of bus headaches start Thursday as Port Authority advances Midtown terminal work
By
Ramsey Khalifeh
and
Carol Chen
ICE admits to using Roxbury, NJ warehouse site to process immigrants
By
Mike Hayes
Dolan's offer: Donations to Blakeman for Knicks tickets
By
Walter Wuthmann
Never miss a story
Catch up on the most important headlines with a roundup of essential NYC stories, delivered to your inbox daily.
Sign upEmail address
By submitting your information, you're agreeing to receive communications from New York Public Radio in accordance with our Terms .