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Keller Rohrback L.L.P.
Keller Rohrback L.L.P. Announces Investigation of JPMorgan Chase Bank and Other Lenders Regarding FHA Mortgage Insurance
May 21st, 2011
Attorney Advertising. Keller Rohrback L.L.P. (www.krclassaction.com) is currently investigating JPMorgan Chase Bank (NYSE:JPM), Washington Mutual (NYSE:WAMUQ), Bear Stearns Residential Mortgage (NYSE:BSC), Bank of America (NYSE:BAC), Countrywide, Citigroup (NYSE:C), and HSBC (NYSE:HBC), among others, for alleged mortgage originator abuse of the Federal Housing Administration ("FHA") mortgage insurance offered through the Direct Endorsement Lender program. In particular, the investigation focuses on lax lender mortgage selection practices, deficient appraisal practices, and inappropriate evaluation of borrower income by lenders to make mortgages qualify for the government's FHA guarantee....
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Source: Investment Weekly News (2011-05-21)
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