UNITED STATED
JPMorgan Chase and Co (JPM.N) has identified "some issues" in its ongoing review of foreclosure affidavits, but remains confident that the repossessions were proper, senior executives said on Wednesday.The second-largest U.S. bank by assets is reviewing 115,000 mortgage affidavits, Chief Financial Officer Doug Braunstein said during JPMorgan's third-quarter earnings call with analysts. The bank has so far found that some affidavits were not properly notarized.
U.S. banks -- including JPMorgan -- have suspended foreclosures in some states in recent weeks amid accusations from congressional leaders and consumer advocates that lenders cut corners foreclosing on thousands of homeowners.
But JPMorgan Chief Executive Jamie Dimon said during the earnings call that the bank's management was comfortable that serious issues will not be found, and any added costs from the review will be incremental.
"There's almost no chance we made a mistake," said Dimon.
(Reporting by Joe Rauch; Editing by Lisa Von Ahn)(Reuters)
RELATED TOPIC
- Haiti relocating homeless, port repairs needed
- Aftershocks again shake devastated Haiti capital
- By the thousands, Haiti returns dead to the earth
- Mass relocation for Haiti homeless
- Haiti: life on the street facing hunger, despair
- Outside of the rubble, Haiti tends to its living
- A look at foreign quake aid for Haiti
- In Haiti, 82nd Airborne struggles to cope with survivors' needs
- Haiti to relocate 400,000 quake homeless
- Aftershocks again shake devastated Haiti capital
- By the thousands, Haiti returns dead to the earth
- Mass relocation for Haiti homeless
- Haiti: life on the street facing hunger, despair
- US soldier returns to Haiti to help, finds family
- Help steps up, but so does scale of Haiti tragedy
- US husband saves wife trapped in Haiti rubble
- Quake-stunned Haitians pile bodies by fallen homes
- Haitian-Americans worry about devastated homeland
- Nigerian man charged in Christmas airliner attack
- Father of Detroit would-be bomber warned US
- Airlines: New rules keep passengers in seats
- San Jose police mount cameras on officers' heads
First of all, thank you for visiting this page.
This website is a non commercial website and therefore is not designed to gain profit. Running cost, however, has became my limitation in improving the site.If you like this website, you can help to make it better, click DONATE logo below:Any amount of donation would be very important to the future of this site. Thank you for your help and support.
This website is a non commercial website and therefore is not designed to gain profit. Running cost, however, has became my limitation in improving the site.If you like this website, you can help to make it better, click DONATE logo below:Any amount of donation would be very important to the future of this site. Thank you for your help and support.
4807
0 comments:
Post a Comment