Ginnine Fried v. JP Morgan Chase & Co
Court of Appeals for the Third Circuit
1Opinion of the Court
OPINION
AMBRO, Circuit Judge
Ginnine Fried bought a home in 2007 for $553,330. It was near high tide in the real estate market, but she had to believe she was getting a bargain, as an appraisal estimated the home’s value to be $570,000. Fried borrowed $497,950 at a fixed interest rate to make her purchase and mortgaged the home as collateral. Because the loan-to-purchase-price ratio ($497,950 / $553,330) was more than 80%, JPMorgan Chase Bank, N.A. (“Chase”), the servicer for Fried’s mortgage (that is, the entity who performs the day-to-day tasks for the loan, including collecting payments),…
2Cases cited18 opinions
- Skidmore v. Swift & Co.Supreme Court of the United States · 1944
- Immigration & Naturalization Service v. Cardoza-FonsecaSupreme Court of the United States · 1987
- United States v. Mead Corp.Supreme Court of the United States · 2001
- Alan Schmidt v. John SkolasCourt of Appeals for the Third Circuit · 2014
- Reuben J. Katz, on Behalf of Himself and All Others Similarly Situated v. Carte Blanche CorporationCourt of Appeals for the Third Circuit · 1974
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