Archive for November, 2012

JPMorgan, Wells Fargo Write Down Home-Equity Loans

November 14, 2012

The following article is brought to you by Dawn Kopecki at BusinessWeek.Com. JPMorgan Chase & Co. (JPM) and Wells Fargo & Co. (WFC), prompted by U.S. regulators, took almost $1.4 billion in charge-offs on home-equity loans and other mortgages to borrowers who filed for bankruptcy protection. JPMorgan wrote off $825 million in loans in the […]

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

Chase Lawsuit First Shoe To Drop In Probe

November 14, 2012

The following article is brought to you by David McLaughlin at Dispatch.Com. NEW YORK — JPMorgan Chase & Co. won’t be alone in facing lawsuits related to mortgage securities. Its rivals also could face government lawsuits claiming tens of billions of dollars in damages tied to investor losses on mortgage bonds after New York’s attorney […]

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

Follow The Rules, Forfeit Your Home

November 14, 2012

The following article is brought to you by Daniel Blackburn at CalCoastNews.Com. Campbell (Cam) Carroll came very close to losing his home to foreclosure earlier this month to people he’d never heard of, the forced sale auction halted only by a last-minute restraining order issued by a San Luis Obispo County Superior Court judge. Campbell […]

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Posted in Home Loan Modifications, Jamie Dimon, JPMorgan Chase, Latest Chase Home Finance LAWSUITS | 2 Comments »

Skimming Profits Off Bad Loans Bankers And Their Dirty Tricks

November 14, 2012

The following article is brought to you by Mike Whitney at OpEdNews.Com. Didn’t Ben Bernanke promise that another round of bond purchases would lower unemployment and boost economic growth? We think he did, which is why we’re wondering why all the benefits from QE3 appear to be going to the banks. According to Bloomberg News: […]

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