Summary
WASHINGTON - Top banking industry executives are skeptical about helping troubled borrowers by forgiving a portion of their debt.
The executives told lawmakers on Tuesday they are reducing the amount that troubled borrowers owe on their home loans only in limited cases. That's because consumers who are paying their mortgages on time are likely to see such reductions as unfair, the executive said.See the full content of this document
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Bank Executives Skeptical On Forgiving Debt
David Lowman, chief executive of JPMorgan Chase's mortgage business, told the House Financia...
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