This lawsuit reveals a reason for Chase slipping in a new servicer into the chain. Having already discharged or released a loan, the “accounts” were nonetheless transferred or sold in derogation of the rights of investors who had already purchased them from Chase. Chase decreased its liabilities, increased its revenues, avoided its obligations, and provided […]

Tags: Chase fraudulent claims, disclosure, FCA, foreclosure defense, foreclosure offense, fraud, HAMP, NMSA, qui tam, RCV1, securitization, system of records
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