Investigation and pending class action against Chase Manhattan Mortgage Corp. The investigation centers around Chase's alleged participation in a scheme to defrauded consumers into purchasing overpriced homes in the Poconos Mountains. The case involves issues of overvalued houses, fraud in the inducement, and Chase Manhattan Mortgage Corporation's failure to comply with internal and industry guidelines for mortgage lending.
Defendant Details
Name (Stock Symbol)
Brief Description
Chase Manhattan Bank
Chase Manhattan Bank is now known is Chase. It is the consumer and commercial banking division of JPMorgan Chase & Co.