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Loan Modification

: Mortgage Lender Implode-o-Meter

JPMorgan Fighting 10,000 Lawsuits

By Implode-Explode Heavy Industries

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``JPMorgan Chase is a defendant in more than 10,000 legal proceedings and may be $4.5 billion short of reserves needed to cover those costs in a worst-case scenario, the firm said in a regulatory filing on Monday. '' -- What?! We thought JP Morgan had all the money in the world...

Full post as published by Mortgage Lender Implode-o-Meter on March 01, 2011 (boomark / email).

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