J.P. Morgan to settle over false-mortage claims - News and Current Events | futures io social day trading
futures io futures trading


J.P. Morgan to settle over false-mortage claims
Updated: Views / Replies:109 / 0
Created: by kbit Attachments:0

Welcome to futures io.

(If you already have an account, login at the top of the page)

futures io is the largest futures trading community on the planet, with over 90,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors Ė all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you donít need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

Reply
 
Thread Tools Search this Thread
 

J.P. Morgan to settle over false-mortage claims

  #1 (permalink)
Elite Member
Aurora, Il USA
 
Futures Experience: Advanced
Platform: TradeStation
Favorite Futures: futures
 
kbit's Avatar
 
Posts: 5,872 since Nov 2010
Thanks: 3,301 given, 3,332 received

J.P. Morgan to settle over false-mortage claims

J.P. Morgan Chase & Co. JPM -0.09% will pay $614 million to settle a case over false claims the bank made regarding certain mortgage loans submitted to be insured by the Federal Housing Administration and the Department of Veterans Affairs, the U.S. Justice Department said Tuesday.

The bank admitted that it approved thousands of FHA loans and hundreds of VA loans that didn't meet underwriting requirements, the Justice Department said.

"For years, J.P. Morgan Chase has enjoyed the privilege of participating in federally subsidized programs aimed at helping millions of Americans realize the dream of homeownership," said Manhattan U.S. Attorney Preet Bharara.

A spokesman for J.P. Morgan wasn't immediately available for comment.

The bank started falsely certifying the FHA and VA loans as early as 2002, and the agencies suffered "substantial losses" in covering associated losses, according to the Justice Department.

The case was initiated by allegations from a private whistleblower, the department said.

J.P. Morgan to settle over false-mortage claims - MarketWatch

Reply With Quote

Reply



futures io > > > > J.P. Morgan to settle over false-mortage claims

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)

Linda Bradford Raschke: Reading The Tape

Elite only

Adam Grimes: TBA

Elite only

NinjaTrader: TBA

January

Ran Aroussi: TBA

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
Five Scenarios That Could Finally Settle the GOP Race Quick Summary News and Current Events 0 March 24th, 2012 05:30 PM
JPMorgan to Pay $110 Million to Settle Overdraft Claims GridKing News and Current Events 0 February 4th, 2012 02:51 PM
Mortage Applications Drop for 4th Week on Refi Slump Quick Summary News and Current Events 0 July 13th, 2011 09:00 AM
True or False Big Mike Off-Topic 147 June 2nd, 2011 06:19 PM
Confusion about globex open vs pit settle nepenthean Beginners and Introductions 6 October 7th, 2010 11:26 PM


All times are GMT -4. The time now is 06:42 AM.

Copyright © 2017 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts
Page generated 2017-12-12 in 0.06 seconds with 19 queries on phoenix via your IP 54.145.51.250