Hints and tips:
...The Obama administration has threatened to withhold payments to Bank of America and JPMorgan Chase under Hamp for a third consecutive quarter, saying neither institution had followed the letter of the law...
...This was expected but it’s still a potentially damaging blow to Bank of America, Wells Fargo, JP Morgan Chase, Citi, and GMAC, and to a housing recovery that is yet to even begin....
...By March 31, 2010, we will have opened 51 Chase Homeownership Centers across the country, and we already have more than 14,000 employees dedicated to mortgage loss mitigation.”...
...Homeownership Centers and added over 650 loan counselors during the quarter / However, we also note Meredith Whitney’s credit card predictions are coming true, the bank experiencing what CEO Jamie Dimon...
...The new rules apply to all types of mortgage lenders and will establish lending standards aimed at curbing abuses while preserving responsible subprime lending and sustainable homeownership....
...To protect the financial system and the economy, the Federal Reserve facilitated the acquisition of Bear Stearns by the commercial bank JPMorgan Chase....
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