Just saw this on CNBC and put up a quickie article on it.
This will get a lot of attention, but is not unexpected... it was pretty obvious that JP Morgan was in the same boat ast Ally/GMAC regarding problems with how their robo-signer handled foreclosure paperwork. Once I saw that a few state AG's started making noise about investigating "other banks", I knew that JP Morgan would be getting the first calls.
What will be more interesting is to see which bank will be next.
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