JPMorgan Chase Admits Failure to Comply with April 13, 2011 Independent Foreclosure Review Consent Order

JPMorgan Chase Admits Failure to Comply with April 13, 2011 Independent Foreclosure Review Consent Order

[U.S. Trustee Program]

U.S. Trustee Program

By Daniel Edstrom
DTC Systems, Inc.

March 3, 2015

JPMorgan ADMITS that it did not comply with previous cease and desist consent orders issued through the Independent Foreclosure Review on April 13, 2011.
The U.S. Trustee Program entered into a settlement with JPMorgan Chase Bank, NA where the bank admits the following:
In the proposed settlement, Chase acknowledges that it filed in bankruptcy courts around the country more than 50,000 payment change notices that were improperly signed, under penalty of perjury, by persons who had not reviewed the accuracy of the notices.  More than 25,000 notices were signed in the names of former employees or of employees who had nothing to do with reviewing the accuracy of the filings.  The rest of the notices were signed by individuals employed by a third party vendor on matters unrelated to checking the accuracy of the filings.
Similar to the April 13, 2011 Independent Foreclosure Review Consent Orders, Chase agreed to the following in the settlement with the U.S. Trustee Program:

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Strategic Debt Restructuring


Strategic Debt Restructuring

By: Jim Macklin
Secure Document Research

How many property owners in this country experienced the flush of “money for nothin’ and kicks for free” during the build-up to 2008? Champagne, boats, leisurely weekends at the lake all came part & parcel to those who were able and willing to leverage themselves at the urging of their local and national banks.

Obviously, those days were hazy and fast-paced for those caught up in the whirlwind of easy money provided by Wall St. and the MBS profits. I can still see the faces and attitudes of the mortgage brokers, loan officers and title company agents who were suddenly the darlings of the communities across the U.S.

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