JPMorgan Chase Suspends 56,000 Foreclosures

JPMorgan Chase Suspends 56,000 Foreclosures

JPMorgan became the second major lender after GMAC/Ally Bank to halt pending foreclosures, halting proceedings on 56,000 homes. This follows revelations that “robo-signer” “foreclosure mills” were filing paperwork that would be gracious to call “sloppy,” at the rate of 10,000 a day. [More]