Archive for September, 2011

Builders Warn Against Home Sales to Banks

September 27, 2011

The following is brought to you by Mike Colpitts at HousingPredictor.Com. Financial giants like Goldman Sachs, Bank of America, JP Morgan Chase and private hedge funds should be prevented from purchasing the glut of foreclosed homes held by Freddie Mac, Fannie Mae and the FHA, the National Association of Homebuilders warns. Testifying before the Senate […]

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

Sacramento homeowner loses house twice to foreclosure

September 26, 2011

The following is brought to you by George Warren at News10.Net. SACRAMENTO, CA – Miriam Lord lost her home of 19 years to a bank error, then lost it again while the bank tried to correct its mistake. “It was a case of the left hand not knowing what the right hand was doing,” said […]

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Posted in Home Loan Modifications, Jamie Dimon, JPMorgan Chase | No Comments »

US Stocks Open Sharply Lower on Bleak Fed Outlook

September 22, 2011

The following article is brought to you by Francesca Levy at ABCNews.Go.Com Stocks plummeted Thursday morning after the Federal Reserve indicated that the U.S. economic slump could last for years. At 9:50 a.m. Eastern time, The Dow Jones industrial average fell 371 points, or 3.3 percent, to 10,753. The Standard & Poor’s 500 index fell […]

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JPMorgan Chase Stock at a 2 year & 5 month low!

September 21, 2011

Congratulations JPMorgan Chase! Your Big Bank with the help of your inapt servicing branch, Chase Home Finance, LLC, have been able to do all the wrong things to achieve the lowest stock price since April 8, 2009, and the lawsuits keep coming! Maybe you shouldn’t have robbed the homeowner, the investor and the taxpayer with […]

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Posted in Home Loan Modifications, Jamie Dimon, JPMorgan Chase, My Blog Posts | No Comments »

Banks beware: Time is ripe for MBS breach-of-contract suits

September 21, 2011

The following article is brought to you by Alison Frankel’s “On The Case”, at ThomsonReuters.Com Over the last couple of months Bank of America has taken a stock market and regulatory beating so brutal that it’s reportedly considering the previously unthinkable option of putting Countrywide into Chapter 11. BofA’s mortgage-backed securities exposure seems to have […]

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Posted in Home Loan Modifications, Jamie Dimon, JPMorgan Chase | No Comments »