Top Class Actions’s website and social media posts use affiliate links. If you make a purchase using such links, we may receive a commission, but it will not result in any additional charges to you. Please review our Affiliate Link Disclosure for more information.
A federal judge has ruled that JPMorgan Chase must face a class action lawsuit that claims it defrauded New Jersey residents who applied for the Home Affordable Mortgage Program, a federal program designed to help homeowners in danger of defaulting on their homes.
Chase opted into HAMP through Fannie Mae shortly after the plan was implemented in 2009. The plan is designed to lower homeowners’ monthly mortgage payments to sustainable levels, but New Jersey homeowners say they never got the benefits of the program. Instead, they say, Chase took the federal money designed to bail out homeowners and systematically rejected HAMP applications based on false claims that homeowners did not provide the appropriate documentation, even though many homeowners claim they did.
Lead Plaintiff Johny Thomas claims in the JPMorgan Chase mortgage fraud class action lawsuit that in October 2009, he and his wife were struggling on their home mortgage loan and requested a HAMP modification. Later than month, he claims Chase sent them a letter telling them they were eligible, but that they should sign up and pay for a trial-period plan.
Thomas says he and his wife made these trial payments for about six months, until they received a letter from Chase stating their application was declined because it did not meet an unspecified requirement, even though Thomas says he met all the requirements necessary. Chase then refused to apply several of the payments Thomas made before foreclosing on their home on August 2, 2010.
A second Plaintiff, Johnny Fields, makes the same allegations in the Chase HAMP class action lawsuit, saying that, just like Thomas, he applied for a HAMP modification on his mortgage in December 2009 and made trial payments. Just as in Thomas’s case, Chase eventually declined his application, citing inadequate documents, which Fields says he field. A year later Chase sent him a notice of intent to foreclose.
Thomas and fields filed separate class action lawsuits but later joined forces in a consolidated case against JPMorgan Chase in February, charging 10 separate claims. Last week, U.S. District Judge Shira Scheindlin dismissed eight of them, but ruled that JPMorgan Chase must stand trial for counts of violating the New Jersey Consumer Fraud Act and engaging in negligent misrepresentation.
The JPMorgan Chase Mortgage Fraud Class Action Lawsuit case is Johny Thomas and Johnny Fields, et al. v. JPMorgan Chase & Co. and Chase Home Finance, LLC, Case No. 10-cv-08993, U.S. District Court, Southern District of New York.
All class action and lawsuit news updates are listed in the Lawsuit News section of Top Class Actions
Top Class Actions Legal Statement
117 thoughts onJPMorgan Chase Mortgage Fraud Class Action Lawsuit Continues
All of these stories are the same. My mortgage payment was 2300.00 a month I wrote Chase a nice letter telling them I had 6 months payments put aside I would need a modification loan, they wrote back saying I didn’t need their help…that was refusal #1 there are at let 4 more. Everything from I didn’t send in my documents, to they have given me enough concessions. I am gay so I also believe I have been discriminated against, the last time I used my partners income for totals that’s when they said they had given me enough concessions. Here’s the best…I was turned down because my rep said I didn’t return All my documents, I explained I had returned them all that I checked EVERYTHING on the list as I put it in the envelope. She said no page 8 was missing I looked and I told her page 8 was the instructions she said that’s right when I tell you to return everything I mean everything then I find out after I accused them of discrimination that the dumb ass gave me the wrong application to fill out to begin with! It doesn’t surprise me that they need their instructions back for as dumb as they are. I can go on and on but I’m not leaving here without a fight.
Everyone on this site, CLASS ACTION LAWSUIT is currently being decided in the US district court of Massachusetts, contact these attorneys that represent the plaintiffs
Klein, Kavanagh, Costello
85 Merrimac St, 4th floor
Boston, MA 02114
Charles E. Schaffer
510 walnut st, suite 500
Philadelphia, PA 19106
I know there are many of us out there that Chase has screwed, Keep fighting.
,I am from Nj. I received foreclosures information from Chase back in 2003 stating that I was behind on my mortgage payments. I was was sure that there were a mistake in there paper work because I always made a copy of every payment since I bought my condo. According to their files, they said they had not received a payment from me in 8 years. Even though I have proof of my payments, I filed bankruptcy chapter 13 so I would not loss my home. I was in bankruptcy for 7 years, plus paying the regular mortgage and they still told me that owed them $8,000.00. Later, the township were I live, told me that Chase sold my mortgage to them, and now the township is the sole owner of my mortgage. I not sure if that is legal or illegal for township to have ownership over a person mortgage. My complaint with Chase is, the stole from me and lied about everything, just reap people off for their own profit, and did not care whop they hurt in the process. I want every penny back that Chase stole from me and headaches and pain that they took me through
Chase took three of my payments applied it to taxes and this is not in my mortgage loan I am now in foreclosure because I became a widow . I have all the proof and I need to know which class action law suit to go into
They dont have the original title deed! Ask for it in a qualified written request! If they cant produce it they have NO legal authority to collect or foreclose! All mortgages bundled and sold on the stock market were separated from their original tile deeds! A mortgage is not an instrument its all a big scam! MCB
what is truly going on all these stories sound all to familiar it happened to me and were still paying they have me over a barrel and we are the bad guy what they made in interest my home would be payed for the numbers are stagering i cant post them. how do you do a lawsuit against them the few attornys i talked to say nothing i can do i cant affored to walk away i cant affored to stay they have me any way you look at it
They dont have the original title deed! Ask for it in a qualified written request! If they cant produce it they have NO legal authority to collect or foreclose! All mortgages bundled and sold on the stock market were separated from their original tile deeds! A mortgage is not an instrument its all a big scam! MCB
The same thing happened to me. I am not talking about several pages but a stack several inches tall. I got to the point that I went to the local print shop and had them make 5 copies of the paperwork they required (tax returns, payment history, letter of “problems” that prevented me from making timely payments, financial asset report, profit and loss statements for my business, etc.). Of course, each time they “lost” my packet the information would have to be updated because it was a new financial quarter. After two years they wore me out and I told them to just take the house. Then they asked me if I would short-sale the house. What? You wouldn’t deal with me but you want to give it to someone else for half price? I suspect this ploy might be a way for them to take a tax loss on the short-sale. I just don’t know anymore. Betsy.
They dont have the original title deed! Ask for it in a qualified written request! If they cant produce it they have NO legal authority to collect or foreclose! All mortgages bundled and sold on the stock market were separated from their original tile deeds! A mortgage is not an instrument its all a big scam! MCB
How do I join the class action lawsuit against j.p. morgan chase for defrauded mortgagees who were denied refinancing? I have searched the net and cannot seem to locate this information. I was given the run around by chase and I am certain they acted fraudulently regarding my attempts at refinancing in 2009 and 2010. They kept losing the paperwork or claiming I never sent it in. Then denied me after 2 years of being jerked around. This was in NJ.
They dont have the original title deed! Ask for it in a qualified written request! If they cant produce it they have NO legal authority to collect or foreclose! All mortgages bundled and sold on the stock market were separated from their original tile deeds! A mortgage is not an instrument its all a big scam! MCB
chase did that to me 3 times they took 3 yrs untill they admitted they had all the paper work that had been sent and resent and resent . To the point that the judge was getting angry and telling the that he was going to get envolved at this point. so to the tune of over well over 50,000 added to my mortgage . they think that $300.00 cuts it.
They dont have the original title deed! Ask for it in a qualified written request! If they cant produce it they have NO legal authority to collect or foreclose! All mortgages bundled and sold on the stock market were separated from their original tile deeds! A mortgage is not an instrument its all a big scam! MCB
This appears to be happening all over the country. I know someone in Florida who I believe the very thing happened to. They cannot be the only ones in Florida. Surely there are more?
I have tried for over three years to obtain a modification from Chase. I have sent and recent the documents Chase required too many times to count. Most recently they offered me a repayment plan I sent my first payment ( in full, in cash, on time, via Western Union) and they rejected it.
I am at my wits end!
In 2011 I had a verbal agreement with chase on making back house payments. Chase took 600 dollars from my escrow to make a payment. Two weeks before my first payment Chase called and told me if I didn’t pay 1150 dollars by the next day they were foreclosing on me. I told them to take the money out of my escrow. Chase refused and started forecloser proceedings .I had to file chapter 13 bankruptcy to stop it. This costs me several thousand dollars. Why could Chase take the money out of my escrow when they wanted to but they wouldn’t when I told them to?