JP Morgan Chase banksters: We kinda sorta think our foreclosures have been proper

[marmar]

(Reuters) - JPMorgan Chase (JPM.N) has identified some issues in its ongoing review of foreclosure affidavits, but said it was "pretty comfortable" that its decisions to foreclose had been proper.

The company, which also posted a higher-than-expected profit on Wednesday, is among three of the big mortgage servicers to announce that it has halted some of its foreclosures while it reviews its processes.

JPMorgan has been talking to attorneys general, but does not know what the ultimate outcome of the states-driven probe will be, Chief Executive Jamie Dimon said during a conference call with reporters.

Later on Wednesday about 40 state attorneys general, many facing re-election, are expected to announce a joint investigation into the allegations that some banks used shoddy paperwork to kick struggling borrowers out of their homes. ........(more)

The complete piece is at: http://in.reuters.com/article/idINIndia-52168220101013

[DJ13]

1. We kinda sorta think we've covered our ass so we hope we cant be sued