Relevant:
- JPMorgan Apologizes For Overcharging 4,500 Soldiers and Foreclosure on 18 of Them
- JPMorgan pulls back from mortgage lending on foreclosure worries
- JPMorgan Chase Settles Military Mortgage Overcharging Suit for $56 Million
- "It's Been A Living Nightmare" - JPMorgan Admits To Illegally Overcharging Thousands of Troops on Mortgages, And Wrongful Military Foreclosures
- Mortgage Debacle Costs U.S. Banks $66 Billion as Bad Home Loans Sap Profit
2011-06-14 — bloomberg.com
JPMorgan Chase & Co. (JPM), the second- largest U.S. bank, ousted mortgage chief David Lowman after it overcharged active-duty military personnel on loans and improperly foreclosed on other borrowers.
"Dave Lowman and I have decided he will leave the firm," Frank Bisignano, the head of home-lending, said today in an internal employee memo obtained by Bloomberg News.
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