“At the same time, however, we have not found a perfect process.” ---Barbara Desoer, President of home loan division of Bank of America
“Our process was not what it should have been; quite simply, it did not live up to our standards...” ---David Lowman, chief executive of JPMorgan Chase & Co.’s home loan division.
This is excerpt of the prepared testimonies of Bank of America and JP Morgan Chase in Tuesday's hearing.
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