Archive for December, 2010

$137 Million BofA Deal in Muni Case May Be Tip of The Iceberg

December 21, 2010

The following article is brought to you by Bloomberg News posted at InvestmentNews.com. Bank of America Corp.’s agreement to pay $137 million in restitution for taking part in a nationwide bid-rigging conspiracy for municipal-investment contracts may soon be followed by more settlements to repay the scheme’s victims, according to the head of the Justice Department’s […]

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Posted in JPMorgan Chase | No Comments »

SEC Goes Deeper in Foreclosure Fraud Examination

December 18, 2010

The following article is brought to you by David Dayen at FireDogLake.com. The Securities and Exchange Commission has issued additional subpoenas for documents from the big banks in a growing probe over servicer behavior and foreclosure fraud. They seem particularly interested in securitization, and whether the assets, i.e. the mortgage and the note, were ever […]

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Posted in Home Loan Modifications, JPMorgan Chase, Latest Chase Home Finance LAWSUITS | 3 Comments »

Judge Blasts Baum, Chase Home Finance, Pillar Processing “Order To Show Cause: In Re: Schuessler

December 17, 2010

The following article is brought to you by StopForeclosureFraud.com. EXCERPTS: On November 28, 2007, several months after this Court scheduled an evidentiary hearing and directed Chase Home Finance to submit the Policy Affidavit, a letter was filed on the Court docket in this case addressed to the Clerk of the Court from a legal assistant […]

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Posted in Home Loan Modifications, JPMorgan Chase, Latest Chase Home Finance LAWSUITS | 1 Comment »

Massachusetts Case Seeking Class Action Against Chase Home Finance, LLC

December 16, 2010

The case estimates that there are in excess of 10,000 Class Members whose home mortgages are or were serviced by Chase Home Finance during the class period, being January 1, 2006 to date. The claims are typical, misuse of HAMP, Home Affordable Modification Program, wrongful foreclosure, withdrawing excess funds without first notifying homeowners and without […]

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Posted in Home Loan Modifications, Jamie Dimon, JPMorgan Chase, Latest Chase Home Finance LAWSUITS, My Blog Posts | 10 Comments »

JPMorgan Chase Lawsuits in U.S. District Illinois Court and California State Court Seek Class Action

December 16, 2010

The following article is brought to you by Indiana & Illinois Lawyer, Burton Padove at TodaysLawAlert.com. In October 2010, JP Morgan Chase announced that the company would be temporarily suspending certain foreclosure processes following the discovery that court documents were not being properly reviewed by third party personnel. JP Morgan Chase had allocated some of […]

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Posted in Home Loan Modifications, Jamie Dimon, JPMorgan Chase | 5 Comments »