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JPMorgan Chase

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JPMorgan Chase To Simplify Subprime Mortgage Disclosure and Product Choices 

Jul 27, 2007By

JPMorgan Chase said today that it’s taking some steps to help ensure that subprime borrowers better understand the mortgage loans they’re actually getting. The press release describes the new standards, which include the use of a new disclosure statement as well eliminating all adjustable-rate mortgage products with a reset of under 5 years.

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