Wednesday, October 13, 2010

J.P. Morgan Widens Mortgage Review to 41 States

http://online.wsj.com/article/SB10001424052748703673604575550030620196818.html

Here's the laugh for the day.
JP Morgan Chase only has 115,000 files to review for mistaken documents.
MERS requires no county or loan number. 115,000 reviews lol...Only in their wildest dreams.
Blank means they don't hold the right to foreclose and neither does the MBS investor that they stuck it with.

America in the old days they called this ...Jubilee
Your debt mortgage debt has been forgiven courtesy of the banks own penance for greed.
Greed kills
And when you live by the sword, you die by the sword!


J.P. Morgan Chase & Co. widened its review of foreclosures to 41 states and 115,000 loan files, the latest U.S. bank to take a more comprehensive look at its documentation to ensure all information is accurate