Posts Tagged JPMorgan Chase
The 12th Annual Harris Interactive Reputation Quotient Study, a survey of American’s perceptions of businesses is always interesting. The number one company in U.S. in the American public’s eye: Google. Apple placed 6th. Here though, for your viewing (and moaning pleasure) is the 10 worst companies in America:
And the worst company in America?
I don’t think it comes as surprise that 5 of these are financial institutions that contributed to the current economic meltdown AND took bail-out money to reward themselves with. I also don’t think it comes as any surprise that not a single one of them care what you think or the results of this survey.
Congress is getting tough with the banks over the robo-signing scandal where banks may be foreclosing on some homes they don’t even own, and never did the proper due diligence to make sure they do. Sometimes two banks are even foreclosing on the same property.
Watch the TBWS Daily video below for more on this:
Utah joins other states in foreclosure probe
Utah has joined other states in the foreclosure probe against JP Morgan Chase and GMAC as they look into fraud that may have been committed at the banking level in an effort to foreclose on homes where borrowers were delinquent in their payments. Because loan servicing rights are bought and sold all the time, the question of who really has the right to foreclose has been brought-up as well as needed documentation has been lost and then recreated by the foreclosing servicer.
How many, if any homes will this save? It’s hard to tell. In the end, if a borrower is behind more than three payments (regardless of why and any follower of this blog knows my feelings on that) they are still in violation of their loan terms.
Anyhow, it will be interesting to watch.
Despite freezes by BofA and GMAC, foreclosures in Utah march on