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20 May 2011, 2:39 pm
Here is some of the language from the announcement from the OCC: The eight servicers are Bank of America, Citibank, HSBC, JPMorgan Chase, MetLife Bank, PNC, U.S. [read post]
19 May 2011, 5:39 pm
Federal investigators are taking an even closer took at the securities-related practices of JPMorgan Chase & Co. [read post]
19 May 2011, 7:37 am
And banking giant JP Morgan Chase has decided to sweeten the short sale process. [read post]
19 May 2011, 6:55 am
The report says the federal Department of Housing and Urban Development has audited five major mortgage lenders -- Bank of America, Wells Fargo, Chase, Citigroup and Ally Financial -- and concluded that all five used false paperwork to file for reimbursements with the Federal Housing Administration. [read post]
19 May 2011, 6:17 am by admin
  Not so in consumer finance, where you chase the debtor:   – and hadn’t been heard from until a bounty hunter located him in Mexico earlier this month. [read post]
16 May 2011, 4:52 pm by Mandelman
  The bank will also forgive any remaining mortgage debt of the military borrowers who were supposed to be protected under the law… but weren’t… and the bank will reduce the interest rate on all mortgages held by deployed troops to 4 percent for one year. [read post]
16 May 2011, 8:21 am by Ben Vernia
According to a story published on May 16 on the Huffington Post web news site, five major banks - Bank of America, JPMorgan Chase, Wells Fargo, Citigroup and Ally Financial - are said to have been the subject of Department of Housing and Urban Development Inspector General audits and are now in discussions with federal and state officials to resolve billions of dollars in False Claims Act allegations. [read post]
14 May 2011, 3:10 pm
The major issue large banks are trying to deal with are issues with their mortgage servicing departments. [read post]
14 May 2011, 3:10 pm
The major issue large banks are trying to deal with are issues with their mortgage servicing departments. [read post]
13 May 2011, 11:17 pm by Mandelman
  One, against Bank of America/Countrywide, which if you click that blue type you’ll see I had fun writing about, and another I haven’t covered yet JPMorgan Chase, are both moving forward in the courts, and personally… I cannot wait. [read post]
13 May 2011, 7:26 am by admin
  While such a default would be politically damaging, and quite possibly expensive to the government as well through its insurance of the underlying mortgage, it is the prerogative of those who print the money to decide they will spend some of it changing course. [read post]
10 May 2011, 7:33 pm
JP Morgan Chase and other banks including Bank of America and Wells Fargo have been targeted by federal and state attorneys general investigators as the biggest violators of borrower's rights in the current mortgage crisis. [read post]
10 May 2011, 10:25 am by Tomassi Law Associates
Summit and affiliates publish magazines and websites and produce conferences for the insurance, accounting, financial services, banking and legal industries. [read post]
10 May 2011, 3:18 am
A JP Morgan Chase economist estimates that strategic defaulters will have nearly fifty billion extra dollars to spend in the economy. [read post]
10 May 2011, 1:51 am by Tomassi Law Associates
That means creditors can chase you that long garnish your wages and more. [read post]
8 May 2011, 4:49 am by Mandelman
Medical bills combined with the economy sliding off a cliff caused them to ask JPMorgan Chase to modify their loan, and they made their payments every month on time until the day that they got a notice on their door saying their home would be sold out from under them… in an hour, they learned after calling Chase in a panic. [read post]
6 May 2011, 6:57 am
Recently, JP Morgan Chase paid $56 million to settle a class-action lawsuit alleging widespread misconduct in handling the mortgages of active-duty soldiers, sailors, airmen and Marines. [read post]