Archive for June, 2013

JPMorgan Mortgage Fee Fraud Suit Not Barred By Settlement

June 15, 2013

The following article is brought to you by Evan Weinberger at Law360.Com Law360, New York (June 14, 2013, 7:24 PM ET) — A federal judge in California on Thursday rejected JPMorgan Chase & Co.’s argument that a since-amended 2011 federal settlement over problematic mortgage servicing practices barred a class action lawsuit alleging the bank fraudulently […]

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Posted in 'INDEPENDENT' FORECLOSURE REVIEW, Chase Home Finance Class Action Lawsuit, Home Loan Modifications, Jamie Dimon, JPMorgan Chase, Latest Chase Home Finance LAWSUITS | 4 Comments »

What Not to Ask Jamie Dimon

June 13, 2013

The following article is brought to you by Matthias Rieker at WSJ.Com After a year of Whaling, James Dimon has had it with questions about fishy transactions. The J.P. Morgan Chase chief tried to convey as much during a Morgan Stanley financial-services conference in New York Tuesday. When asked yet again about the “London Whale” […]

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Jamie Dimon Declares There Was ‘No Hiding, Lying, Bullshitting’ About London Whale

June 13, 2013

The following article is brought to you by Mark Gongloff at HuffingtonPost.Com Jamie Dimon and the Senate Permanent Subcommittee On Investigations apparently have somewhat different understandings of what “hiding, lying and bullshitting” mean. The JPMorgan Chase CEO, speaking at a conference in New York on Tuesday, declared, “There was no hiding, there was no lying, […]

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RealtyTrac: Home Repossessions Rose in May

June 13, 2013

The following article is brought to you by CNBC.Com Lenders stepped up action last month against homeowners who had fallen behind on their mortgage payments, taking possession of more homes and initiating the foreclosure countdown clock on many others. Completed foreclosures jumped 11 percent nationally in May from the previous month, with monthly increases taking […]

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JPMorgan’s Credit Outlook Cut by S&P as U.S. Support Wanes

June 13, 2013

The following article is brought to you by Dawn Kopecki & Michael J. Moore at Bloomberg.Com JPMorgan Chase & Co. (JPM)’s credit-rating outlook was revised to negative by Standard & Poor’s, which said the likelihood of “extraordinary” government support for the largest U.S. banks is waning. The outlook on JPMorgan’s long-term rating of A was […]

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