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The massive foreclosure machine that revved up to accommodate the huge backlog of mortgage defaults once again is coming to a screeching halt. JPMorgan Chase, one of the nation's largest mortgage ...
After all, five of the biggest mortgage lenders in the country -- Bank of America (NYS: BAC) , Wells Fargo (NYS: WFC) , Ally Financial, JPMorgan Chase, and Citigroup (NYS: C) -- have already ...
A JPMorgan Chase employee testified in a deposition that she was one of eight managers who combined to sign some 18,000 documents a month without the personal knowledge the documents claimed they ...
This revelation led to increased scrutiny of foreclosure documentation. The practice was apparently common in the mortgage industry. In the weeks following the robo-signing revelation, other large banks came under fire for employing robo-signers as well, including JPMorgan Chase and Bank of America. [14]
Citigroup Inc. (NYSE:C) and JPMorgan Chase & Co. (NYSE: JPM), two of the largest mortgage holders, announced they would temporarily freeze foreclosures as the Obama administration prepares to ...
Most of WaMu's untroubled assets were sold to JPMorgan Chase. [16] British bank Bradford & Bingley was nationalised on 29 September 2008 by the UK government. The government assumed control of the bank's £50 billion mortgage and loan portfolio, while its deposit and branch network were sold to Spain's Banco Santander. [17]
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