WaMuFraud

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JP Morgan/Chase took over WaMu Sept. 25, 2008 - Let's see what happens. Some allege that JP Morgan made billions on short sales on 9/11/2001 Did they know something we didn't? - Check DeepInfo.com/911 Most WaMu Mortgages were bought by Securitization Trusts, without Disclosure - see AmericanLoanAudits.com/pool/ Fraud found by courts = Recorded Documents by major Lenders were found to be "Robo-signed" Some Title Companies will no longer offer Title Insurance on Foreclosed Homes? GMAC Mortgage, of Ally Bank, was sanctioned by courts in both Maine and Florida for affidavits signed under penalty of perjury without the signor reading anything. GMAC has now woken up and stopped the practice, perhaps too late. The avalanche has started against these "robo-signed" affidavits. Title Companies, Attorneys General, lawmakers are very upset, the backlash has started - and the effects are becoming devastating to lenders, especially GMAC, WaMu/Chase, IndyMac/OneWest, Bank of America, and PNC Financial. 2 Title Companies (Fidelity National and Old Republic National Title) are now refusing to insure loans by some Lenders, especially GMAC A 3rd Title Co, Stewart Title is making it difficult to get insurance on foreclosures by JP Morgan Chase, Bank of America, OneWest Bank or Ally/GMAC. At Least Three More Lenders Stop Foreclosures After Admitting to Paperwork Problems. CNBC: JP Morgan Chase is also temporarily suspending its foreclosures while it looks into the truthfulness of affidavits signed to support those foreclosures. Sept. 30 / Washington Post: an executive from OneWest Bank, successor to failed IndyMac, admitted that nobody on her team reads the 6,000 documents they sign in a week. On October 8, Bank of America is the first U.S. bank to institute a nationwide moratorium on foreclosures as anger grows at how lenders have prepared documents to support evictions. Litton Loan Servicing LP, Ally Financial's GMAC Mortgage unit and JPMorgan Chase are reviewing procedures and halting some foreclosure The Texas Attorney General's office has called for a halt on all foreclosures, all sales of properties previously foreclosed upon and all evictions of persons residing in previously foreclosed upon properties until companies have completed a review of their processes. The review includes "robo-signed ” affidavits and other documents which were recorded in the State of Texas. The AG ’s office sent out letters to 30 loan servicers. Maryland Lawmakers requested the State's highest court to temporarily halt foreclosures Iowa Attorney General Tom Miller is calling on Ally Financial's GMAC Mortgage unit, Bank of America, and JPMorgan Chase to halt foreclosure proceedings in the state while he investigates problems with documents filed with the courts. The attorneys general of up to 40 states plan to announce soon a joint investigation into banks' use of flawed foreclosure paperwork. JPMorgan Chase & Company, Ally Bank's GMAC Mortgage unit and PNC Financial have stopped foreclosures in the 23 states where foreclosures must be approved by a judge. Sen. Christopher Dodd, D-Conn.

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