WASHINGTON — JPMorgan Chase and Citigroup Inc. have agreed to weeks-long moratoriums on foreclosures as the government works on a financial stability plan slated to include billions of dollars aimed at keeping people in their homes.

"We will not add to the foreclosure process any new owner-occupied residential loans that are owned and serviced by JPMorgan Chase," the company's Chief Executive Jamie Dimon said in a Feb. 12 letter to Rep. Barney Frank (D-Mass.), chairman of the House Financial Services Committee. The moratorium on new foreclosure actions would remain in effect through March 6 and is similar to a 90-day foreclosure freeze JPMorgan announced Oct. 31.

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