Archive for April, 2011

Fannie Mae, Freddie Mac Take Aim at Servicers

April 29, 2011

The following article is brought to you by Al Yoon at Reuters.Com. (Reuters) – Fannie Mae and Freddie Mac, aiming to quash inefficiencies clogging the home finance system, are taking a new carrot and stick approach to companies that service home loans, a federal housing finance regulator said on Thursday. The Federal Housing Finance Agency […]

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Posted in Chase Home Finance Class Action Lawsuit, Home Loan Modifications, Jamie Dimon, JPMorgan Chase | 1 Comment »

Beaufort Marine settles suit against nation’s second-largest bank

April 22, 2011

The following article is brought to you by Josh McCann at IslandPacket.Com. JPMorgan Chase and U.S. Marine Capt. Jonathon Rowles of Beaufort have agreed to settle a class-action lawsuit in which Rowles alleged the bank repeatedly violated a federal law designed to protect active-duty military personnel from financial stress. The agreement, which is pending court […]

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Posted in Chase Home Finance Class Action Lawsuit, Home Loan Modifications, Jamie Dimon, JPMorgan Chase, Latest Chase Home Finance LAWSUITS | No Comments »

Seven Major Banks Sued In Homeowner’s Fraud

April 20, 2011

You can see the full article by Mike Colpitts at HousingPredictor.Com. A veteran real estate attorney is suing seven major US banks in what may be a precedent setting case for allegedly defrauding hundreds of thousands of homeowners. Calabasas, California attorney Philip Kramer, who has been practicing …

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Posted in Chase Home Finance Class Action Lawsuit, Jamie Dimon, JPMorgan Chase | 1 Comment »

Bank’s Request in Foreclosure Cases is Struck Down

April 16, 2011

The following article is brought to you by the MiamiHerald.Com. A U.S. District Court judge’s decision Friday struck down a request by two banks to make Fort Lauderdale law firm Ben-Ezra & Katz stop withdrawing from foreclosure cases. JPMorgan Chase and Chase Home Finance terminated their relationship with foreclosure processing firm Ben-Ezra & Katz in […]

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Posted in Home Loan Modifications, Jamie Dimon, JPMorgan Chase | 1 Comment »

Banks to Pay Victims of Botched Foreclosures in Settlement With Regulators

April 16, 2011

The following article is brought to you by Lorraine Woellert at Bloomberg.com. The 14 largest U.S. mortgage servicers must pay back homeowners for losses from foreclosures or loans that were mishandled in the wake of the housing collapse, the first of a set of sanctions regulators are seeking against the companies. The settlement announced today […]

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