U.S. sees big difference in banks' mortgage aid
JPMorgan Chase and Co (JPM.N) is helping one in five troubled homeowners eligible for a government-sponsored housing rescue while Wells Fargo (WFC.N) is reaching 6 percent of eligible borrowers and Bank of America (BAC.N) is only aiding 4 percent, the U.S. Treasury Department said on Tuesday.
The data show that servicer performance has been uneven, the Treasury said in a statement. The administration has asked servicers to ramp up implementation. (Reporting by Patrick Rucker; Editing by Theodore d'Afflisio)
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