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

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