Tag Archives: chase co

Bank Of America Overwhelmed By Refinancing Demand

A new government program to boost mortgage refinancing is overwhelming some banks such as Bank of America. That bank has been telling some customers to wait 90 days before applying for a refinance. Banks have to staff up to handle … Continue reading

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California Likely To Join Investigation Of Wall Street’s Mortgage Practices

California is entirely governed by Democrats. I am not surprised that a Democrat state Attorney General is interested in joining New York and Delaware’s probes of the mortgage-bundling practices of Wall Street. Who can even understand tranches and the like? … Continue reading

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Bank Of America’s Foreclosure Program Back Up

For the past three months, America’s biggest mortgage originator, Bank of America, has been stalled in its foreclosure process. Now the bank believes its paperwork and legal problems have been smoothed over and by January they expect to be back … Continue reading

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Chase Blamed For Not Modifying More Mortgages

Why are banks getting blamed for not modifying more mortgages? Why should they modify mortgages unless they believe it is in their self-interest? What about the sanctity of contracts? People signed up for certain terms. If they can’t live up … Continue reading

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