photo by steed media service

The socioeconomic virus known as the mortgage crisis has long since mutated from something tantamount to a benign bacterial infection quarantined to urban areas, into a national pandemic that threatens irreparable economic calamity. During an august panel at the Wall Street Project in New York, Thasunda Duckett elucidated on an abundance of available products that can serve as institutional repellents to ward off mortgage misfortune in the future.

“What brings us out here is to [ensure] that the leaders of the economic summit, as well as others, know what JPMorgan Chase does in terms of predatory prevention and subprime lending,” says Duckett, the senior vice president at Chase Mortgage, a division of JPMorgan Chase & Co. The currency connoisseur said she wanted to let conventioneers “know the things that we can do to take back our communities and improve our positions with consumers, not just achieve homeownership.”

Duckett attended a panel discussion to lend expertise and viable solutions to combat the onslaught of foreclosures and mortgage defaults. Since homeownership is, by and large, the largest investment a family makes, it normally elicits strong emotions. “When you talk about someone’s home, it is an emotionally charged subject. So definitely there is a lot of passion, a lot of concern. And it’s a very complex situation and really requires us to work together.” - terry shropshire

For more information about JP Morgan Chase, log onto www.jpmorganchase.com or www.chase.com.

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