JPMorgan Chase Freezing Foreclosures

JPMorgan Chase is halting home repossessions amid concerns the paperwork backing those foreclosures is inaccurate.

JPMorgan Chase is halting home repossessions amid concerns the paperwork backing those foreclosures is inaccurate.

That follows a similar decision by GMAC to halt foreclosures in 23 states last week.

JPMorgan employees have admitted in depositions that they signed thousands of foreclosure documents without any knowledge that the documents were actually accurate.

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