Archive for November, 2013

Additional legal costs for big banks could top $100 billion

November 29, 2013

The following article is brought to you by Chris Isidore at CNNMoney.Com U.S. banks might still be on the hook for more than $100 billion in additional fines and legal costs over bad mortgage loans sold during the financial crisis, according to a new estimate from credit rating agency Standard & Poor’s. But despite that […]

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

JPMorgan settlement could pose legal risk

November 29, 2013

The following article is brought to you by Kevin McCoy at USA Today, found at GreenBayPressGazette.Com The admissions JPMorgan Chase agreed to under its record $13 billion settlement with the Department of Justice could represent a new legal liability in ongoing litigation faced by the nation’s largest bank. According to the statement of facts, unidentified […]

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

Where Does JPMorgan’s $13 Billion Go?

November 22, 2013

The following article is brought to you by BEN PROTESS AND JESSICA SILVER-GREENBERG at NYTimes.Com They were some of the biggest losers in the 2008 financial crisis: Fannie Mae and Freddie Mac, federal taxpayers, state pension funds, credit unions and, of course, homeowners. But their fortunes turned somewhat on Tuesday, when they ended up on […]

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Posted in Home Loan Modifications, Jamie Dimon, JPMorgan Chase | 5 Comments »

JP Morgan Pays $13 Billion to Justice Department to Avoid Investigations

November 4, 2013

The following article is brought to you by Angelina Bouc at GuardianLV.Com Earlier this year federal regulators were ready to prepare a list of enforcement consequences and fines against the largest bank, JP Morgan Chase. This stemmed from pending lawsuits by the Federal Housing Financial Agency – who accused JP Morgan of unlawful practices during […]

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Posted in 'INDEPENDENT' FORECLOSURE REVIEW, Home Loan Modifications, Jamie Dimon, JPMorgan Chase | No Comments »

‘Foreclosure Review’ Link Surfaces from BofA-Countrywide Trial

November 4, 2013

The following article is brought to you by ECreditDaily.Com The Independent Foreclosure Review has sent $2.8 billion in compensation checks to more than 4 million borrowers to remedy foreclosure or mortgage-modification abuses, but along this settlement’s long and winding road there have been many bumps and potholes.(CHASEHOMEFINANCESUX RESPONSE: Yeah, The Big Banks Paid ‘Independent’ Consultants […]

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Posted in 'INDEPENDENT' FORECLOSURE REVIEW, Home Loan Modifications, Jamie Dimon, JPMorgan Chase | 1 Comment »