PROTEST | Hempstead, LI Pulling Money and Severing Ties With JPMorgan Chase Over Lending and Foreclosures

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PROTEST | Hempstead, LI Pulling Money and Severing Ties With JPMorgan Chase Over Lending and Foreclosures

Posted on05 April 2011. Tags: $12.5 Million, 25 million, bank of america, deposit, Hempstead, john O'brien, jpmorgan chase, massachusetts, MERS, MORTGAGE ELECTRONIC REGISTRATION SYSTEMS INC., new york, Ray Calame, State Treasurer, Wayne Hall

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From NYT Deal Book

“Chase has been identified as one of the banks that have a high rate of predatory lending and also for not helping to modify loans,” the village’s mayor, Wayne Hall, said Tuesday.

The city’s treasurer, Ray Calame, said the village would soon begin to slowly withdraw the $12.5 million in operating funds and investments it had in Chase, ultimately ending Hempstead’s more than 20-year relationship with the bank.

Continue… NYT Deal Book

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2 Responses to “PROTEST | Hempstead, LI Pulling Money and Severing Ties With JPMorgan Chase Over Lending and Foreclosures”

Elaine Williams says:

04/06/2011 at 12:35 pm

Jamie Diamon is a steadfast arrogant liar. His spokesman says oh yeah wel helped all these people and “we met with people in Brooklyn” isn’t this article about the village of Hempstead? What a crock! Keep the pressure on people.

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Register Jeff Thigpen, Sir...We Need Your Support. says:

04/06/2011 at 1:59 am

[…] The city’s treasurer, Ray Calame, said the village would soon begin to slowly withdraw the $12.5 m…, ultimately ending Hempstead’s more than 20-year relationship with the bank. […]

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