JP Morgan Chase Faces Continuing Allegations of Liability for Mortgage Lending Practices of Recent Y
JP Morgan Chase is under scrutiny for alleged improper procedures surrounding the loans it has purchased and originated. Roseville, California (PRWEB) November 21, 2011 In a suit recently filed against JP Morgan Chase, Plaintiffs represented by UFAN Legal Group have alleged that the bank and its subsidiaries willingly engaged in improper loan origination procedures to place borrowers in high cost loans. The suit discusses how money to be made from selling mortgages encouraged a rush to lend to anyone and everyone without regard to the ability to pay. UFAN alleges that borrowers were the un
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