Monday, October 4, 2010

Chase Branches Loses FHA Approval

http://all-about-home.tipsonclicks.com/home-and-garden/chase-branches-loses-fhaapproval

I'm pretty sure this is the equivelent of "the shit hitting the fan" for JP Morgan Chase.
Don't think I didn't just hear you laughing because I did.

JPMorgan Chase Bank, N.A., lost its origination approval agreement with the Federal Housing Administration for an office that operates within the jurisdiction of an Atlanta field office, according to the U.S. Department of Housing and Urban Development.

In addition, a Chase office was terminated by HUD’s New Orleans office.

A Chase spokesman declined to comment on the terminations.