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Mortgage Litigation News

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Chase Halts Foreclosures

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JP Morgan Chase halted foreclosures on more than 50,000 homes to evaluate whether its agents have been committing fraud by using false affidavits.

JPMortgage Chase, the largest bank on earth, temporarily halted foreclosures on more than 50,000 homes to review documents that "may" contain errors or outright fraudulent misrepresentations.

JPMorgan was the second major US bank to suspend foreclosures after depositions of executives and managers at many of the nation's largest banks revealed systematic fraud in preparing, executing and filing mortgage foreclosure-related documents.

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