JPMorgan Says Foreclosure Process-Errors Can Be Fixed

In a 43-page report, authored by a team of analysts in J.P. Morgan‘s (JPM) fixed-income strategy group, the bank argues that “many of the mortgage foreclosure problems highlighted in the past few weeks are process oriented and can be fixed in the near term.”

Foreclosure-process errors that lead to putbacks of questionable home loans could cost the banking industry up to $120 billion. – CNBC

Disclaimer: This page contains affiliate links. If you choose to make a purchase after clicking a link, we may receive a commission at no additional cost to you. Thank you for your support!

Be the first to comment

Leave a Reply

Your email address will not be published.


This site uses Akismet to reduce spam. Learn how your comment data is processed.