Chase Freezes Some Foreclosures
A spokesman for JPMorgan Chase & Co. said that the bank’s Chase unit is stopping some foreclosures. He explained that the move was being made to review how employees in its mortgage-foreclosure operations sign affidavits about loan documents. In some cases, employees “may have signed affidavits about loan documents on the basis of file reviews done by other personnel — without the signer personally having reviewed those loan files,” the spokesman explained.
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