CHICAGO -- Chase Manhattan Mortgage Corp. said it plans to commit "at least $25 million and other major resources" during 1994 to finance home mortgage loans for minority and low-to moderate-income families throughout Illinois.

James Ferriter, director of marketing, announced the plan during a kick-off briefing for 40 Chase mortgage representatives. He said the Neighbor-to-Neighbor Home Buyer's Program significantly eases the rules and preconditions for minority and mortgage applicants with annual incomes no higher than $55,600.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.