Bank of America (BAC) is preparing to resume foreclosures in 23 states, just 10 days after halting the foreclosure process on properties in all 50 states. The foreclosure halt came amid concerns that company executives may have…
JPMorgan Chase says it’s doubling its review of foreclosure documents to some 115,000 cases, which could slow foreclosures in 41 states. Meanwhile, officials in all 50 states have launched a joint investigation into the allegat…
U.S. regulators voted in favor of limiting financial institution ownership of derivatives clearinghouses, exchanges and trading platforms to 20% and capping ownership of venues that clear securities-based swaps at 40%.
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Everybody’s favorite firm to hate — Goldman Sachs — really is the smartest money on Wall Street, at least according to Bloomberg Markets’ top 10 ranking of the “World’s Best Financial Stock Pickers.”
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JPMorgan Chase (JPM) is widening its review of foreclosure documents, CNNMoney said.
The bank is already reviewing 56,000 foreclosure documents in 23 states that need a judge to sign off on a foreclosure. Now, JPMorgan is expanding the review to states that don’t require a judge’s approval, CNNMoney said without naming its sources.
Banks have come under intense scrutiny as evidence…
Continue reading JPMorgan Chase Expands Foreclosure Review
JPMorgan Chase Expands Foreclosure Review originally appeared on DailyFinance on Tue, 12 Oct 2010 07:15:00.
Filed Under: Company News, Economy, JP Morgan Chase, Real Estate, Credit