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PMorgan Chase & Co. has filed the following document(s) with the United States Securities and Exchange Commission.

admin — Mon, 19 Jul 2010 14:13:27 +0000

SEC Filing Alert
JPMorgan Chase & Co. has filed the following document(s) with the United States Securities and Exchange Commission.
________________________________________
Jul 19, 2010

Form Fwp / Free Writing Prospectus – Filing Under Securities Act Rules 163/433
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View all SEC Filings

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JPMorgan Chase & Co.
270 Park Avenue , New York, NY 10017-2070
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Take nothing less from HAMP

admin — Fri, 16 Jul 2010 14:01:04 +0000

Home Affordable Modification Program: Overview

The Home Affordable Modification Program is designed to help as many as 3 to 4 million financially struggling homeowners avoid foreclosure by modifying loans to a level that is affordable for borrowers now and sustainable over the long term. The program provides clear and consistent loan modification guidelines that the entire mortgage industry can use.

Borrower eligibility is based on meeting specific criteria including:
1) borrower is delinquent on their mortgage or faces imminent risk of default
2) property is occupied as borrower’s primary residence
3) mortgage was originated on or before Jan. 1, 2009 and unpaid principal balance must be no greater than $729,750 for one-unit properties.

After determining a borrower’s eligibility, a servicer will take a series of steps to adjust the monthly mortgage payment to 31% of a borrower’s total pretax monthly income:

First, reduce the interest rate to as low as 2%,
Next, if necessary, extend the loan term to 40 years,
Finally, if necessary, forbear (defer) a portion of the principal until the loan is paid off and waive interest on the deferred amount.

Note: Servicers may elect to forgive principal under HAMP on a stand alone basis or before any modification step in order to achieve the target monthly mortgage payment.

The Home Affordable Modification Program includes incentives for borrowers, servicers and investors – these incentives are detailed in the documents.

https://www.hmpadmin.com/portal/programs/hamp.html

No reply from a QWR sent 2008

admin — Wed, 19 May 2010 15:39:24 +0000

Sent QWR in 2008 to Chase one of many. Have had case with O.C.C since March of last year. Nothing has been done by the Regulator of banks. Nothing has been done by Congress. I am the 35% of Americans that pay taxes for services, that I should receive called protection from large corporations. I fight this battle without the help of my country, but with the help of other people that have fallen to the large corporation like Chase/JPMorgan. Do they really think that they do not have to answer to anyone. Chase owns the media so the truth is never shown on TV. The only media that is telling the truth is on the internet. You can see that politics they are a changing. So beware Chase things are going to change.

Letters sent:
O.C.C
Federal Trade
Attorney General Office
B.B.B
F.D.I.C
and many more

Picture of all Documents being sent FedEx today.

QWR responce from Chase

admin — Fri, 14 May 2010 18:18:51 +0000

It is so nice that Chase would get back to me. My QWR was sent out November 24, 2008 replies May 7, 2010. Have had a case with the OCC/HUD/Attorney General office. since last march and this has been going on over 2 years. Do any Government agency’s protect us against big banks. Letter from …

NYC Homeowners Sue Chase for Unexplained Delays & Denials of Permanent Modifications

admin — Fri, 14 May 2010 16:52:44 +0000

Also posted at bottom of page full court document in PDF format.

From the Urban Justice Center
For Immediate Release, Tuesday, May 4, 2010
Contact: Anna Deknatel, (646) 200-5311, BerlinRosen Public Affairs

JP MORGAN CHASE ILLEGALLY DENYING HOMEOWNERS FORECLOSURE RELIEF

NYC Homeowners Sue Chase for Unexplained Delays & Denials of Permanent Modifications under Federal Program, Including after Months of ?Trial Payments?

Latest in Wave of Lawsuits across the U.S. against Banks for Violating ?HAMP?

New York ? Today three homeowners from Queens, New York City?s foreclosure epicenter, joined with attorneys from the Urban Justice Center to announce a lawsuit against JP Morgan Chase Bank for illegally delaying and denying their applications for permanent foreclosure relief under the federal ?Home Affordable Modification Program? (HAMP).

The lawsuit charges Chase with breach of contract for violating HAMP requirements, often without providing timely or sufficient information to the homeowners. Under HAMP, servicers are required to provide permanent modifications to all eligible homeowners who complete three months of trial payments and verify their income.

?Chase has collected months of on-time payments from these homeowners? and surely many like them across around the country? with seemingly no intention of giving them real relief through permanent modifications on their loans,? said Carmela Huang, an attorney at the Urban Justice Center, which filed the complaint.

The homeowners are suing for an injunction to force the bank to modify their loans, an end to their foreclosures, and damages.

?Chase must end their endless tactics to dodge providing foreclosure aid to eligible homeowners, as required by the federal government,? Harvey Epstein, an attorney and Project Director at the Community Development Project at the Urban Justice Center.

One Queens Village homeowner, Shanaz Begum, has made trial modification payments of $1576 on time for eight months. Begum bought her home in 2005, where she lives with her husband and two sons, but fell behind on mortgage payments in September of 2008 after losing a previous job as a manager of a retail business. Chase did not offer Begum a trial modification until July 2009, the same month she was served with a foreclosure summons.

Chase claims their consistent income is suddenly inadequate? even though Begum met Chase?s demands for documentation, beyond HAMP requirements, of her husband?s cash income from taxi driving. Begum now works as a clerical assistant at the Department of Transportation on weekdays, and on weekends as a server at Boston Market.

?We made the three trial modification payments, and then didn?t hear a peep from Chase until December; then, abruptly, they said our income wasn?t enough, even though it hasn?t changed,? said Begum. ?Chase has completely lacked any transparency and has been staggeringly unresponsive? leaving us in the lurch for months. They have demanded spurious documents and claimed they lost others. Our son is headed to college in the fall. We don?t know how to afford those bills too with the possibility of losing our home still looming.?

Chase has also failed to provide a permanent modification to Tamara Williams, who lives in Jamaica, Queens with her two sons, despite three on-time trial modification payments of $1,274 this winter.

Williams bought her house in December of 2005 though a subprime, interest-only loan fraudulently marketed to her by a rental broker. Able to make payments until the summer of 2008, she fell behind when she lost her job in November of 2008, and went into foreclosure in March of last year. She now works doing post-renovation and demolition cleanup for Interior Quality Renovations and also attends school.

?The Obama administration?s program was supposed to give people like me a lifeline and a chance to save our homes, but if the banks won?t play by the rules, what else are we supposed to do?,? asked Williams.

The lawsuit also includes charges of fraud against Chase because the bank instructed homeowner Alex Lam, of Fresh Meadows, Queens, to deliberately miss mortgage payments in order to become eligible for a modification. Lam bought his house in 2002, and refinanced in 2005. In 2009, he was told he did not qualify for a modification because he was current on his payments. On the bank?s advice, Lam skipped payments in February and March of 2009. To this day, those are the only payments he has missed. He now faces foreclosure.

?I may lose my home and my credit is damaged because I believed what the bank told me,? said Lam. ?I held out for the HAMP modification because the terms are better. But the months I spent waiting for Chase to follow through on their promises mean I may have lost any chance to get help by refinancing somewhere else.?

Modifications under HAMP reduce mortgage payments to 31% of the homeowners? income, by reducing the interest rate, extending the term of the loan, or adjusting monthly payments. Chase has reported Begum, Lam, and Williams as ?delinquent? to credit reporting agencies, harming their ability to secure other foreclosure relief.

Chase put Lam in a trial modification last year, and then refused to make it permanent. Chase has since denied Lam a HAMP modification because of the remaining value in his house, though they will not share their calculations. HAMP requires servicers to offer trial modifications, as long as the value of modifying the loan would be more than the value of foreclosing, as determined by a ?Net Present Value? test.

?Chase has misled these homeowners, plain and simple,? added Ted De Barbieri, an attorney and Equal Justice Works Fellow at the Urban Justice Center. ?Unfortunately, they?re not alone? that?s why we?ve seen a recent spate of homeowners suing banks for not complying with HAMP around the country, including in California, Massachusetts, Ohio, and Washington State. These homeowners have done their part and now the banks must live up to their end of the bargain.?

The lawsuit was filed Eastern District Federal Court in Brooklyn this morning. The full complaint is available on request.

50353-Final Chase complaint.pdf

http://chasehomefinancesucks.com/wp-content/uploads/2010/05/50353-Final-Chase-complaint3.pdf

This would be funny two years ago. This is why Chase Sucks

admin — Fri, 04 Dec 2009 21:45:37 +0000

I have a case with the OCC and the BBB. Everybody in the Executive branch of Chase knows that I have all the paperwork. I have been doing this for two years. I wonder why people are not getting modifications. This is my last try then courts away.

Settlement resolves a class action lawsuit against JPMorgan Chase & Co. and JPMorgan Chase Bank, N.A. (?Chase?)

admin — Tue, 17 Nov 2009 20:22:51 +0000

This Settlement resolves a class action lawsuit against JPMorgan Chase & Co. and JPMorgan Chase Bank, N.A. (?Chase?) involving a Post Closing Fee or Post Closing Review Fee (referred to herein as ?Post Closing Fee?) charged by Chase on some mortgages it originated between September 22, 2001 and December 31, 2008. Under the Settlement, you are eligible to receive a refund of the Post Closing Fee you paid to Chase.

In order to receive a refund, you must fill out a claim form. You can download a claim form here.

If you requested a copy of your Settlement Statement from the Claims Administrator, please note the date you requested the Settlement Statement on line E and submit your claim form. You will not be sent a copy of your Settlement Statement. The Claims Administrator will obtain the Settlement Statement and process your claim.

For more information click here.