"Charlie Scharf, chief executive of�JPMorgan Chase & Company's retail bank, has announced that the bank will again begin filing paperwork in two weeks on nearly 127,000 foreclosures that were suspended due to suspicious filing actions. Last month, court documents showed that Chase employees were signing off on foreclosure paperwork without proper review for accuracy, thus giving birth to the 'robo-signer' in many mortgage servicing foreclosure departments. The 'robo-signer' was the designated employee or employees who were responsible for review foreclosure proceeding documents and have, at times, reviewed and signed off on an inordinate number of documents each day without proper notarization.�
'Foreclosing isn't good for us,' said Scharf. 'We don't want to foreclose on people. Unfortunately, there are people that just don't want to stay in their homes or can't afford to stay in their homes.'"
Friday, November 5, 2010
JPMorgan Chase Set to Resume Foreclosures Again Within Two Weeks | Mortgage News | Daily National and State Headlines
JPMorgan Chase Set to Resume Foreclosures Again Within Two Weeks | Mortgage News | Daily National and State Headlines: