As part of my day job at Field Check Group, Real Estate & Finance we analyze the entire housing & mortgage universe including extremely granular mortgage default and foreclosure data by lender, not available to most. While Chase's mortgage modification announcement today makes a whole lot of sense from the stand point of ridding themselves of WaMu's toxic Pay Option and Subprime loans at a better price than bulking them to the highest bidder, Chase has some problems with their own past
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Tuesday, November 11, 2008
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