ADVISORY/Chase Announces Multibillion Dollar Home Financing Commitment to Minority and Underserved Markets.Business Editors ADVISORY...for Thursday (Jan. 30) --(BUSINESS WIRE)-- Commitment is Largest Ever Made by Any Lender for Single-Family Home Financing to These Segments --
WHEN: Thursday, January 30, 2003
1:30 p.m.
WHO: The Honorable Mel Martinez
United States Secretary of Housing and Urban Development (HUD)
William B. Harrison, Jr.
Chief Executive Officer, J.P. Morgan Chase & Co.
Stephen J. Rotella
Chief Executive Officer, Chase Home Finance
WHAT: Chase Home Finance, the mortgage division of JPMorgan Chase,
will announce an unprecedented, multibillion dollar nationwide
commitment to increase homeownership in historically underserved
markets. The Chase initiative will increase homeownership among
minority borrowers across the economic spectrum, low-to-moderate
income borrowers and new immigrant families. With this announcement,
Chase will answer President Bush's recent call to the private sector
to help increase minority homeownership.
WHERE: JPMorgan Chase World Headquarters
270 Park Avenue (between 47th and 48th Streets)
49th Floor
New York, New York
Chase Manhattan Mortgage Corporation is the mortgage subsidiary of JPMorgan Chase JPMorgan Chase (NYSE: JPM TYO: 8634 ) is one of the oldest financial services firms in the world. The company, headquartered in New York City, is one of the leaders in investment banking, financial services, asset and wealth management and private equity. With assets of $1. . J.P. Morgan Morgan, American family of financiers and philanthropists. Junius Spencer Morgan, 1813–90, b. West Springfield, Mass., prospered at investment banking. Chase & Co. (NYSE NYSE See: New York Stock Exchange : JPM JPM J. P. Morgan Chase & Co. (stock symbol) JPM Juan Pablo Montoya (formula 1 driver) JPM Jabatan Perdana Menteri (Malaysia) JPM Journal of Property Management ) is a leading global financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. firm with assets of $759 billion and operations in more than 50 countries. The firm is a leader in investment banking, asset management, private banking, private equity, custody and transaction services, and retail and middle market financial services. A component of the Dow Jones Industrial Average Dow Jones Industrial Average The best known U.S. index of stocks. A price-weighted average of 30 actively traded blue-chip stocks, primarily industrials including stocks that trade on the New York Stock Exchange. , JPMorgan Chase is headquartered in New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of and serves more than 30 million consumer customers and the world's most prominent corporate, institutional and government clients. Information about JPMorgan Chase is available on the internet at www.jpmorganchase.com. |
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