Archive for November, 2012

JPMorgan Loses Bid to Dismiss FHFA Mortgage Suits

November 14, 2012

The following article is brought to you by Patricia Hurtado at BusinessWeek.Com. JPMorgan Chase & Co. (JPM) lost a bid to have a U.S. judge dismiss lawsuits filed by the Federal Housing Finance Agency against 16 U.S. banks over mortgage-backed securities. JPMorgan, Bank of America Corp. (BAC) and Citigroup Inc. (C) were among the lenders […]

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

Jamie Dimon’s odd idea of a “favor”

November 14, 2012

The following article is brought to you by Cyrus Sanati at CNN.Com. FORTUNE — It looks like Jamie Dimon is trying to rewrite Wall Street history. The brash chief executive of JP Morgan shocked an audience of academics and financial dilettantes at the Council on Foreign Relations in Washington on Wednesday when he blurted out […]

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

Have JPMorgan Chase’s Underwriters Lost Their Minds?

November 14, 2012

The following article is brought to you by Odysseas Papadimitriou at WallStCheatSheet.Com. The past few years have made one thing abundantly clear: Banks are businesses first and foremost, and turning a profit is therefore their top priority. That’s why it’s so odd that JPMorgan Chase (NYSE:JPM), the largest bank in the United States in terms […]

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

Banks Sued by U.S. Homeowners Over Rigging of Libor Benchmark

November 14, 2012

The following article is brought to you by Neil Callanan at BusinessWeek.Com. U.S. homeowners filed a lawsuit against 12 banks, including Barclays Bank Plc and JPMorgan Chase & Co. (JPM), claiming that manipulation of the benchmark Libor lending rate made their mortgage repayments more expensive. Traders at banks in Europe and North America such as […]

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Posted in Uncategorized | No Comments »

Jamie Dimon is mad at Washington

November 14, 2012

The following article is brought to you by Jennifer Liberto at CNN.Com. The outspoken CEO of the nation’s largest bank JPMorgan Chase (JPM, Fortune 500) lashed out on Wednesday at the Administration and Congress’ handling of a host of issues — from the fiscal cliff to a recent federal lawsuit slapped against his bank. Dimon […]

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