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Dimon Beset by Bad WaMu Loans as JPMorgan Makes Overseas Pus

November 2, 2010

Brian Battle, Director at Performance Trust Capital Partners, comments on possible problems facing JPMorgan Chase from issues with foreclosure documentation possibly inherited with the bank’s purchase of Washington Mutual.

"That can be a big long-term problem, very expensive,” he said. “The whole can of worms is wide open.”

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Banks Want to Unload Foreclosures as Fast as Possible

November 1, 2010
Marketplace at American Public Media

Brian Battle, Director at Performance Trust Capital Partners, argues that it’s in a bank’s best interest to sell foreclosed real estate. “Sell it as fast as possible because it seems like housing is in a declining market,” he said. “So you’d rather sell it today than a year from now when prices are generally declining.”

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