Wells Fargo Sues JPMorgan Over 800 Soured Mortgage Loans

Sep 15, 2011 23:06

http://www.huffingtonpost.com/2011/09/15/wells-fargo-sues-jp-morgan_n_964920.html

JPMorgan Chase & Co (JPM.N) was sued by Wells Fargo & Co (WFC.N), which seeks to force it to buy back more than 800 soured mortgage loans that it oversees as trustee.

Which will make a serious impact on the economy, God help us all. So much for JPMorgan Chase's insistence that it's a wonderful bank that never, ever does anything wrong.

loans, uh-oh, bank shenanigans, banks, yikes!, mortgages

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