Re: Chase banker admits to big banks’ culpability in crisis

I just wrote an update to the bank foreclosure fraud, including the following notes about some of Chase's involvement:

"J.P. Morgan certainly isn’t chaste, but they will chase you out of your home like a greyhound on a rabbit. Your home life is nothing but a number in their computer’s memory bank that can be removed with one tap of “delete.” J.P. Morgan Chase found that it had flawed foreclosure paperwork throughout about half of the United States. It was one of the first banks to freeze all foreclosures. Again, one of the problems was “robo-signing,” apparently an industry-wide practice for some unknown reason.


"'Spotlighted as one of the more egregious cases of mortgage and foreclosure fraud in recent memory, JPMorgan Chase was recently found to have presented false assignments of mortgages in court in order to foreclose on properties.' (PRWeb)

"According to this story, Chase actually had its attorney forge documents specifically for presentation in court in order to try to prove the mortgages of a number of properties had been assigned to it when they had not. Now, that’s brash!

'"Court found “clear and convincing evidence” that Chase had engaged in a “knowing deception.” (PRWeb)"

More at: http://thegreatrecession.info/blog/2012/02/mortgage-foreclosure-fraud-settlem...


--Knave Davie Tweet