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J. P. Morgan Chase

J.P. Morgan Chase Unveils Mortgage Foreclosure Initiative

J. P. Morgan Chase & Company has announced that it will make its own contribution to stemming the tide of foreclosures sweeping the country by modifying around $70 billion of its owned mortgages that are in or nearing default. The company has targeted 400,000 families for the rescue program.? This is in addition to what it claims are 250,000 families which have already been helped in the earlier restructure of some $40 billion in loans.
Ref. Source 8

Chase Morgan P J

J.P. Morgan: Foreclosure Sales Could Be Higher in Three Years:

Efforts to modify loans and delay foreclosures may have helped hold down the stock of foreclosures for sale in the second half of 2009, fostering home-price stabilization. But that cure could require different medicine: an elevated level of foreclosures for sale over the next three years. Ref. Source 4

J. P. Morgan Chase History & Civil Business Politics

JPMorgan Halts Foreclosures, "Robo-Signers" Appear Commonplace:

JPMorgan Chase has stopped foreclosures in 23 states to review the accuracy of its filings. According to the bank, the cases may contain "defects" and "flawed paperwork" which could give homeowners reason to contest court-ordered evictions. JPMorgan's foreclosure suspension affects some 56,000 borrowers. Ref. Source 3

Chase Morgan P J

JPMorgan Chase to Restart Suspended Foreclosures:

Bank of America says it has begun resubmission of 102,000 cases affected by procedural errors. GMAC Mortgage has re-filed 9,523 affidavits with the courts, and is in the process of reviewing another 15,500. Ref. Source 1

Chase Morgan P J

JPMorgan Chase profit soars 47%:

JPMorgan Chase & Co., the second-largest bank in Arizona by deposits, beat Wall Street estimates Friday with a 47 percent increase in fourth quarter profit to $4.83 billion, or $1.12 a share. Ref. Source 9

J. P. Morgan Chase

JPMorgan Chase overcharged troops on mortgages :

The bank also tells NBC News that it improperly foreclosed on more than a dozen military families. Ref. Source 1

J. P. Morgan Chase

JPMC CEO Retires

JPMorgan Chase's chief investment officer, Ina Drew, retires in wake of $2 billion trading loss. Ref. CNN

J. P. Morgan Chase Politics Business Civil & History

Investigated

FBI director confirms bureau has opened preliminary investigation into JPMorgan Chase's massive trading loss. Ref. CNN