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7 Oct 2010, 10:47 am
Old Republic National Title Insurance announced on Friday that it would no longer insure homes that were foreclosed upon by JPMorgan Chase & Co. [read post]
6 Oct 2010, 12:20 pm
The three lenders who are at the center of the controversy, GMAC Mortgage, JPMorgan Chase and Bank of America, declined to comment. [read post]
6 Oct 2010, 6:49 am
Two major lenders on the list, JPMorgan Chase and Bank of America, declined to comment on Abbott’s action. [read post]
6 Oct 2010, 6:21 am
These shortcut attempts, now discovered, have resulted in the halting of foreclosures in 23 states, including in areas of Florida: ” Bank of America, JPMorgan Chase, and Ally Financial (formerly known as GMAC) halted foreclosures in 23 states after employees admitted in sworn depositions that they didn’t verify information in thousands of foreclosure documents. [read post]
5 Oct 2010, 9:05 am
Bank of America followed the lead of JP Morgan Chase and GMAC Mortgage who both have put a freeze on their pending foreclosure cases within the past two weeks. [read post]
5 Oct 2010, 12:47 am
Our nostalgia for the Wild West may suffer as this occurs and no one is able to live a settled secure life anymore in the USA.Eloquent hyperbole, at very least.More on the developing mortgage foreclosure moratorium storyline is here and here:Seismic tremors ran through the financial industry last week as two banks--Ally Financial (formerly GMAC) and JPMorgan Chase--admitted to filing fraudulent documents in potentially hundreds of thousands of foreclosure cases. [read post]
4 Oct 2010, 9:44 am
As a result of widespread verification problems, GMAC Mortgage and JPMorgan Chase now say they will amend paperwork in cases in which affidavits were files that were not actually verifying known information. [read post]
3 Oct 2010, 7:59 pm
From JPMorgan Chase: Page 241: At December 31, 2009 and 2008, the Firm had recorded repurchase liabilities of $1.7 billion and $1.1 billion, respectively. [read post]
3 Oct 2010, 8:29 am
WE are witnessing more bad news as JPMorgan Chase halted 56,000 foreclosures amid doubts that it had correctly followed laws on the foreclosure process. [read post]
3 Oct 2010, 4:25 am
JPMorgan Chase has announced that it has offered over 900,000 mortgage modifications to delinquent borrowers since the beginning of 2009, and that 23 percent of those modifications resulted in a permanent change to the borrower’s mortgage. [read post]
2 Oct 2010, 7:26 am
GMAC and JPMorgan Chase have acknowledged legal missteps, and have suspended new foreclosure actions in 23 states. [read post]
2 Oct 2010, 6:33 am
GMAC has acknowledged legal missteps in processing mortgages, and JPMorgan Chase has acknowledged the possibility of missteps, and both have suspended all foreclosures in the 23 states where they need a court’s approval. [read post]
1 Oct 2010, 12:41 pm
Los residentes de Sacramento, que está considerando presentar el Capítulo 7 o el Capítulo 13 puede estar interesado en saber que JPMorgan Chase ha decidido volver a examinar los documentos que presentó en aproximadamente 56.000 casos de ejecución hipotecaria. [read post]
30 Sep 2010, 7:19 am
Bloomberg: “JPMorgan Chase & Co. faces a legal challenge next month that could cast doubt on thousands of foreclosures after a mortgage executive at the bank said she didn’t verify documents used to justify home seizures. [read post]
29 Sep 2010, 2:03 pm
JPMorgan Based Foreclosures on Faulty Documents, Lawyers Claim – Bloomberg JPMorgan Chase & Co. faces a legal challenge next month that could cast doubt on thousands of foreclosures after a mortgage executive at the bank said she didn’t verify documents used to justify home seizures. [read post]
27 Sep 2010, 9:55 pm
JPMorgan Chase’s spokesliar told HousingWire the changes being requested by Treasury were already made but could not disclose details. [read post]
27 Sep 2010, 4:06 pm
JPMorgan Chase is moving its proprietary trading unit out of its investment bank and into its asset management unit in a bid to comply with new federal regulations. [read post]
27 Sep 2010, 4:26 am
JPMorgan Chase is the frontrunner to buy the remaining infrastructure of Royal Bank of Scotland's RBS Sempra Commodities, The Financial Times reported. [read post]
Bringing Up the Rear: Treasury Secretary Tim “Transparency” Geithner and his Band of Banking Sadists
27 Sep 2010, 3:49 am
As president of the Federal Reserve Bank of New York, Geithner served under a board of directors headed by JPMorgan Chase CEO, Jamie Dimon. [read post]
22 Sep 2010, 11:44 am
JPMorgan Chase's Jamie Dimon is known for his astute M. [read post]
