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JPMorgan fined $48 million for failure to resolve mortgage servicing violations

Discussion in 'Real Estate' started by EF-Roger, Jan 5, 2016.

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  1. EF-Roger

    EF-Roger Entrepreneur

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    JPMorgan Chase has been fined $48 million for failing to meet terms of a settlement to resolve mortgage servicing violations, U.S. bank regulators said on Tuesday.

    The fine will be on top of another $2 billion that JPMorgan had been ordered to pay to cover remediation costs and foreclosure assistance to borrowers, the Office of the Comptroller of the Currency said.

    Read more JPMorgan fined $48 million for failure to resolve mortgage servicing violations
     

  2. dyanmarie25

    dyanmarie25 Entrepreneur

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    Woah, that's really a huge money, but since JPMorgan is such a big company, I don't think this case will affect them that much. Well, they should know better now not to make the same mistake again.
     

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