Archive for September, 2013

NY mortgage fraud may top $100M

September 1, 2013

The following article is brought to you by CATHERINE CURAN at NYPost.Com New York City and state have suffered massive mortgage-document fraud, with damages potentially exceeding $100 million. That’s the explosive allegation by whistleblower Lynn Szymoniak and her legal team, whose lawsuit against two-dozen major banks and mortgage servicers alleging violations of the False Claims […]

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FBI Is Looking Into Possible Criminal Charges Against Individuals At JPMorgan: Report

September 1, 2013

The following article is brought to you by the HuffingtonPost.Com The Federal Bureau of Investigation is looking into the possibility of leveling criminal charges against individuals at JPMorgan Chase, an unnamed source told Bloomberg News. The FBI is working alongside the Department of Justice in its probe of the bank’s energy trades, which was announced […]

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JPMorgan to Pay $23 Million to Settle Suit Over Lehman Notes

September 1, 2013

The following article is brought to you by Edvard Pettersson at BusinessWeek.Com JPMorgan Chase & Co. (JPM:US) will pay $23 million to settle a class-action lawsuit with pension funds that accused the bank of breaching its fiduciary duty by investing their money in Lehman Brothers Holdings Inc. notes. JPMorgan and the lead plaintiff, the Board […]

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Report: JPMorgan investigated for China hiring

September 1, 2013

The following article is brought to you by Associated Press at the WSJ.Com NEW YORK — U.S. regulators are looking into whether JPMorgan Chase hired the children of Chinese officials to help it boost its business in China, The New York Times reported. The Times said Sunday details of the civil investigation were in a […]

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After four-year battle, homeowner gets mortgage modification

September 1, 2013

The following article is brought to you by Chris Sieroty at ReviewJournal.Com Even as the Las Vegas housing market improves, a large number of homeowners who bought at the peak of the real estate boom are struggling to avoid foreclosure. It’s well-known that the numbers who lost their homes to foreclosure far exceed the number […]

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Posted in Home Loan Modifications, Jamie Dimon, JPMorgan Chase | 3 Comments »