Wednesday, June 29, 2011

Firm claims 75% of mortgage assignments invalid in Mass. county

Three-quarters of mortgage assignments issued to and from JPMorgan Chase (JPM: 40.45 +2.30%), Wells Fargo (WFC: 28.07 +2.11%) and Bank of America (BAC: 11.14 +2.96%) during 2010 in the Southern Essex Registry of Deeds in the state of Massachusetts are allegedly invalid, according to a mortgage forensics firm that reviewed a sampling of assignments within [...]

Source: http://feedproxy.google.com/~r/housingwire/uOVI/~3/0WLfbXpZxuE/audit-shows-75-of-mortgage-assignments-invalid-in-mass-county

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