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JPMorgan whistleblower: Justice still hasn’t been done

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Mortgage Professional America | 12 Feb 2015, 08:34 AM Agree 0
The whistleblower who brought JPMorgan Chase to its knees and cost the bank a $13 billion settlement doesn’t think the bank has suffered enough.
  • Dominick F Sammarone | | 12 Feb 2015, 09:49 AM Agree 0
    You go Girl! You have BIGGER BALLS then 90% of the boys on Wall Street. I smelled the stench of corruption for years. I have done mortgages and sold them on the secondary market. I just knew mathematically that this was a big smoke and mirrors game. I also knew that not only should the mortgages "NOT" be made but I also knew that the poor boob buying into them is stuck with a hot potato. Remember the birthday game hot potato or musical chairs? (That's the game where the loser is an ass without a seat)

    Here we all are looking out the windows of our homes thinking
    A) what the hell is the value of my home?
    B) will my home ever be able to sell?
    C) will the buyer qualify for a mortgage before FNMA & Freddie Mac are "phased out"

    Seems to me that the winners are out at the Hamptons. Who's the boob with the hot potato now?

    Wall Street was a well to go to and get fresh clean water from. It appears someone took the water and then dumped toxic chemicals down the well. I wouldn't invest a nickel on that street after this. It is Really bad press for Wall Street.

    You would think they would want to hang the people who poisoned the well. Thank god for stupid investors.

    It's not What's in, it's who's in, your wallet?
  • cheryl M | | 12 Feb 2015, 12:02 PM Agree 0
    Still hopeful? Well guess what Chase is doing now. I have a client who has been having trouble making online mortgage payments. While in the process of qualifying for a refi. they went to their local branch and find out by the bank VP (really, what's in a title) that their mortgage was in a "payment plan" not knowing what the chase employee was talking about and proceeded to correct their ability to continue making online payments, they were told it was due to their recent participation in the Chase MDL settlement class action suit. They stressed to the Branch VP that they did not participate in any payment plan with Chase and immediately demanded their account be corrected!

    Long story short Chase is altering mortgage account that were previously in mortgage modification or presently in modification to sway their "record keeping" to show the Class Action that they are "Complying with the settlement." NO they are not complying, CHase is merely committing another fraud.

    AND YOUR HOPEFUL? The state AG are not listening as well the CFPB is not either. Not buying it.
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