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Loan Modification

: Mortgage Lender Implode-o-Meter

Dimon Beset by Bad WaMu Loans as JPMorgan Makes Overseas Push

By Implode-Explode Heavy Industries

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"Dimon, 54, got what he wanted -- and a lot that he didn?t want. JPMorgan is now saddled with $74.8 billion in nonperforming home loans inherited from WaMu, a third of the $230.7 billion in mortgages on its books... a lot of people don't realize that 80% of JP Morgan's mortgage portfolio is impaired... especially from subprime and option ARM loans..."

Full post as published by Mortgage Lender Implode-o-Meter on November 02, 2010 (boomark / email).

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