DETROIT - A federal judge in Michigan on April 22 awarded summary judgment to JPMorgan Chase Bank N.A. (Chase) in a suit brought by a couple claiming that the lender fraudulently provided them with an adjustable-rate mortgage (ARM) loan rather than a fixed-rate loan after finding that the plaintiffs actually benefited because the interest rates on the loan have been lower than the national average (Eugene Biondo, et al. v. JP Morgan Chase Bank, N.A., No. 11-11664, E.D. Mich.; 2013 U.S. Dist. LEXIS...(read more)![]()
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