Chase Opens Troubled Mortgage Center

The first Chicago location of JPMorgan Chase's "homeownership centers" has opened, the Tribune reports. Chase plans to open 24 centers in all across the country to assist homeowners in need of assistance with troubled mortgages. The center, located at 1836 N. Broadway in Melrose Park, is the first of two planned Chicago centers, the other opening very soon at an undisclosed South Side location. The Trib describes the centers as a place, "to let troubled borrowers meet face to to face with lending counselors in an effort to rework their mortgages." Just last weekend, Gov. Quinn signed a bill that extends the grace period for homeowners facing foreclosure. [Tribune]