Monthly Archive: March 2010

Mar
25

Fannie Mae came by today isnt that nice.

Herndon, Virginia, United States Fannie Mae (198.204.133.208) [Label IP Address] 74.125.113.132/search?q=cache:jHKvXH-PT1AJ:chasehomefinancesucks.com/purchase-loan-modification-kit/ %22Executive Resolution%22 %2Bjpmorgan&cd= 74.125.113.132/search?q=cache:jHKvXH-PT1AJ:chasehomefinancesucks.com/purchase-loan-modification-kit/ %22Executive Resolution%22 %2Bjpmorgan&cd= www.google.com/search?hl=en&safe=active&rlz=1T4GGLL_enUS351US351&q=%22Executive Resolution%22 %2Bjpmorgan&start=40&sa=N

Permanent link to this article: http://chasehomefinancesucks.com/2010/03/fannie-mae-came-by-today-isnt-that-nice/

Mar
25

JP Morgan Home Loan Modifications?Are They Still Stopping Foreclosures?

By Randell Jenkins JP Morgan has seen their permanent and pending modifications rise over the last few months in the Making Home Affordable Program, but there is still the question of is the home loan modification program still helping homeowners? Despite the success lenders like JP Morgan Chase has seen over the last few months, …

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Permanent link to this article: http://chasehomefinancesucks.com/2010/03/jp-morgan-home-loan-modifications%e2%80%94are-they-still-stopping-foreclosures/

Mar
25

JPMorgan Chase May Get WaMu-Linked $1.4B Tax Refund

A little-known bill enacted in November to expand economic stimulus could make it possible for JPMorgan Chase to claim a $1.4 billion tax refund through its acquisition of failed Seattle-based Washington Mutual, according to media reports. JPMorgan is negotiating the final figures with the Federal Deposit Insurance Corp., reports say. WaMu is eligible for $2.6 …

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Permanent link to this article: http://chasehomefinancesucks.com/2010/03/jpmorgan-chase-may-get-wamu-linked-1-4b-tax-refund/

Mar
24

JPMorgan Chase is Working Hard to Uncover Cause of Economic Unrest

By John Vandeventer on March 23, 2010 4:12 PM dimonresponds.jpgYou remember JPMorgan Chase, right? They are the giant Wall Street bank that took $94.7 billion in bailouts and backstops? You know, one of the ones who helped wreck the global economy? Remember them? Well, they have just made a very important discovery: the real reason …

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Permanent link to this article: http://chasehomefinancesucks.com/2010/03/jpmorgan-chase-is-working-hard-to-uncover-cause-of-economic-unrest/

Mar
24

Taking Baby Steps on 2nd Mortgages

JPMorgan Chase this week became the latest big bank to say it is willing to modify second mortgages for some struggling borrowers. While it?s a baby step in the right direction, it won?t do much to fix America?s foreclosure woes. Joe Raedle/Getty Images Homeowners restructuring their mortgages with counselors in Florida. Banks are slowly starting …

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Permanent link to this article: http://chasehomefinancesucks.com/2010/03/taking-baby-steps-on-2nd-mortgages/

Mar
24

Bank of America will cut loan amount for underwater homes

By Stephanie Armour, USA TODAY Bank of America announced Wednesday that it will begin forgiving mortgage principal for some under water homeowners who qualify for a federal home loan modification program. The bank said to avoid foreclosures, it will start forgiving principal for homeowners who owe more than 120% of their home’s value and meet …

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Permanent link to this article: http://chasehomefinancesucks.com/2010/03/bank-of-america-will-cut-loan-amount-for-underwater-homes/

Mar
20

Credit scores can drop after getting loan help

WASHINGTON (AP) — Some homeowners who sign up for the government’s mortgage assistance program are getting a nasty surprise: Lower credit scores. For borrowers who are making their payments on time but are on the verge of default, the Obama administration’s loan modification program can reduce their credit score as much as 100 points. That …

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Permanent link to this article: http://chasehomefinancesucks.com/2010/03/credit-scores-can-drop-after-getting-loan-help/

Mar
20

JPMorgan Chase ‘also used Repo 105′

JPMorgan Chase used Repo 105, the notorious accounting practice employed by Lehman Brothers to keep $50 billion worth of debt off its balance sheet in early 2008, the Financial Times has reported. The use of the practice by Lehman Brothers was uncovered by court-appointed examiner Anton Valukas, who criticized its use as a misleading “accounting …

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Permanent link to this article: http://chasehomefinancesucks.com/2010/03/jpmorgan-chase-also-used-repo-105/

Mar
20

Chase opens 2nd Homeownership Center

JPMorgan Chase & Co. opened its second Homeownership Center this week in Arizona to help struggling families handle mortgage payments. The facility, located at 444 W. Broadway in Tempe, will host an open house March 30, when Chase mortgage counselors will make a brief presentation on the modification process for local nonprofit leaders and government …

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Permanent link to this article: http://chasehomefinancesucks.com/2010/03/chase-opens-2nd-homeownership-center/

Mar
18

JP Morgan Chase Greed Brings ?Guilty? Verdict

JP Morgan Chase CEO Jamie Dimon was found guilty yesterday of conspiracy to wreck the economy, destroy jobs and the immoral use of taxpayer bank bailout money for millions in Wall Street bonuses. The courtroom was on a Madison Wis., street in front a JP Morgan Chase bank branch and the jury included dozens of …

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Permanent link to this article: http://chasehomefinancesucks.com/2010/03/jp-morgan-chase-greed-brings-%e2%80%98guilty%e2%80%99-verdict/

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