The New York bank inherited many of the loans as part of its September purchase of a failed competitor, Washington Mutual Inc. (NYSE:WM), and its move will cover as many as 400,000 borrowers. J.P. Morgan said Friday the borrowers will be moved into loans carrying lower interest rates, smaller principal amounts or other more-affordable terms, The Wall Street Journal reported.

The move came shortly after the bank received a $25 billion capital infusion from the U.S. Treasury’s program to strengthen financial institutions and get credit flowing.

“Our goal in doing this was to come up with something that we think will lead the industry in helping as much as possible on this issue,” said J.P. Morgan executive Charles Scharf.

John Taylor, chief executive of the National Community Reinvestment Coalition, said the action was “a gutsy move on their part. They are bending over backward to try to reach out to these people.”

“Son, when you get to the hotel room…Call me”

Hours later he gets to the hotel room with his beautiful blushing bride and he calls his father,

“Dad, we are the hotel, what do I do?”

“O.K. Son, listen up, take off your clothes and get in the bed, then she should take off her clothes and get in the bed, if not help her. Then either way, ah, call me”

A few moments later…

“Dad we took off our clothes and we are in the bed, what do I do?”

O.K. Son, listen up. Move real close to her and she should move real close to you, and then… Ah, call me.”

A few moments later…

“DAD! WE TOOK OFF OUR CLOTHES, GOT IN THE BED AND MOVED REAL CLOSE, WHAT DO I DO???”

“O.K. Son, Listen up, this is the most important part. Stick the long part of your body into the place where she goes to the bathroom.”

A few moments later…

“Dad, I’ve got my foot in the toilet, what do I do?”