Chase offers nodoc loans then blames Broker when they blow up
WaMu is a convenient whipping boy for Chase to blame the crappy part of their loan portfolio on, but it appears that WaMu wasn’t the only part of Chase’s loan portfolio that was intentionally originated as sub-prime, according to this report by a broker who is being sued by Chase after the loan blew up.
Bad bad Chase, Lawsuits | admin April 29, 2010
