Chase mortgage memo pushes 'Cheats & Tricks'

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At www.oregonlive.com

The Oregonian uncovers a memo from banking giant JPMorgan Chase, providing a rare glimpse into the mentality that fueled the mortgage crisis. The memo's title says it all: 'Zippy Cheats & Tricks.' It's a primer on how to get risky mortgage loans approved - by inflating borrowers' income or falsifying their loan application. One broker said it's 'a perfect example of a Big Bank telling its brokers to commit fraud.'

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At www.oregonlive.com


 

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My god, this piece of crap birdcage liner that has... by Charlie L on Thursday, Apr 3, 2008 at 6:22:06 PM
funny - your reactions to this paper... the real q... by Rady Ananda on Thursday, Apr 3, 2008 at 7:37:54 PM
What strikes me is that the state regulator, whose... by Ellen Brown on Friday, Apr 4, 2008 at 9:54:44 AM