WASHINGTON, Feb. 13 (UPI) -- Two U.S. banks said they would freeze foreclosures activity temporarily while the government works on a homeowner bailout plan.
In a letter to U.S. Rep. Barney Frank, D-Mass., chairman of the House of Representatives Financial Services Committee, J.P. Morgan Chase Chief Executive Officer Jamie Dimon said the bank would suspend foreclosures through March 6, The Wall Street Journal reported Friday.