Tag Archive
Dimon Decries Washington’s Treatment of Banks
Jamie Dimon, the chief executive of JPMorgan Chase, says he believes Washington has become increasingly erratic and unfair in its treatment of the banks over the last few months, and he now has some regrets about participating in the government’s Troubled Asset Relief Program. “F.D.I.C. is going to cost us a lot of money. TARP [...]
Winning Lower Payments Takes Patience, and Luck
By PETER S. GOODMAN Published: November 28, 2009 On the day in June when her mortgage company finally agreed to lower her monthly payments, Yolanda Thomas felt a twinge of hope that she would hold on to her Queens apartment, the first home she had ever owned. The loan modification extended by Chase Home Finance [...]
“will not file the documents,” Jamie Dimon,
Take you hands away from your eyes Mr. Dimon. Mortgage industry executives say homeowners simply are not complying with the program’s requirements, despite their best efforts to reach out. Homeowners “will not file the documents,” Jamie Dimon, JPMorgan Chase & Co.’s CEO, said this week. “We need the documents. We are trying to simplify it.” [...]
Hit Hard By Home Foreclosures
At a Congressional hearing on the foreclosure crisis, a Cuyahoga County official said the situation is “worse than it’s ever been – far worse.” Paul Bellamy, who oversees the Foreclosure Prevention Program for County Treasurer Jim Rokakis, says the problem is quiet because the banking industry has changed the rules. “The industry is not processing [...]
Chasing JPMorgan: Picture the Homeless Takes Aim at Chase Bank
JPMorgan Chase head Jamie Dimon better watch out this Christmas—the homeless are coming to town. At least 30 homeless and housing activists rallied outside the headquarters of banking giant Chase December 2 to demand that the bank utilize their ownership of vacant property in New York City to create housing for poor people and the [...]
Obama’s Administration plans new efforts on foreclosures. Great more money down the toilet.
The Obama administration, battling a foreclosure crisis that shows no signs of relenting, will step up pressure on mortgage companies to do more to help people remain in their homes, officials said Saturday. The administration will announce its expanded program on Monday, Treasury spokeswoman Meg Reilly said. “We are taking additional steps to enhance servicer [...]
You’re killing me a little, Mr. President.
President Obama states that the U.S. economy has been ‘rescued from catastrophe’ because of the economic stimulus package passed earlier this year, but cautioned that America still has an uphill climb to recovery. The Economy would have come back by itself. The only people that made money out of this were the banks. You’re killing [...]
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