Some large mortgage companies step up foreclosures

04/15/2009 | Wall Street Journal, The

JPMorgan Chase, Fannie Mae, Freddie Mac and Wells Fargo said they recently accelerated foreclosure activity, including lifting moratoriums that temporarily suspended foreclosures. Mortgage companies are waiting on details of the U.S. government's housing-rescue plan, but they started separating borrowers according to whether they are candidates for help.

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