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: CL&P BlogChase joins GMAC/Ally in Robo-signer Scandal
By Alan White
The Wall Street Journal reports today that JP Morgan Chase is suspending 56,000 pending foreclosures in order to review court documents signed improperly, in other words by robo-signers. See also the Huffpo story here. The growing scandal is getting wide play in the media, the blogosphere, and even in Congress. Also today, Fitch Ratings issued a release saying they are asking all mortgage servicers whether they have a robo-signer problem.
Full post as published by CL&P Blog on September 29, 2010 (boomark / email).
GMAC Faces Class Action over Foreclosure Abuses
GMAC Faces Foreclosure Abuses Class Action
Bank Scandal
Swiss bank pays Parmalat $30 million bankruptcy settlement.
Chase Bank
Faces Class Action over Credit Card Rates
JP Morgan Chase & Co
Faces Lawsuit Over Hikes in Credit Card Interest Rate
Chevy Chase Bank
lawsuit claims the bank is in violation of the Truth in Lending Act

Ally/GMAC Begins Withdrawing Affidavits From Another "Robo-Signer"
California AG Brown Demands That Ally Financial Prove Innocence in "Robo-Signer" Scandal
GMACs Robo-Signers Draw Concerns About Faulty Process, Mistaken Foreclosures
Allys GMAC Mortgage Halts Home Foreclosures in 23 States







