Foreclosures, F-22 Raptor: Hot Trends
(Information on JPMorgan's foreclosure testimony and the missing F-22 Raptor fighter jet added to today's Hot Trends article.)
NEW YORK (
) -- "Foreclosures" is a popular search term today after a
JPMorgan Chase
(JPM) - Get Report
executive told Congress that
employees "may have" signed affidavits without personally verifying the information
.
>>>Foreclosure Crisis: What Bank Execs Say
David Lowman, the head of JPMorgan's mortgage division, presented a prepared testimony before the Senate Banking Committee on Tuesday in which he argued that bank employees are only human.
"We do not engage in a foreclosure sale if the modification succeeds or until the modification process fails," Lowman said. "That is not to say we are perfect -- we service millions of loans, and we sometimes do make mistakes. But when we find an error, we fix it."
Lowman's testimony at the Senate's hearing on "Problems in Mortgage Servicing From Modification to Foreclosure" came on the same day as a
Congressional Oversight Panel report on the issues big banks are facing with foreclosures and mortgage-repurchase requests.
"F-22 Raptor" is a heavily searched phrase today on news that an an Air Force F-22 fighter jet has gone missing.
The Air Force has been searching for the aircraft since it lost contact with air traffic control at 11:40 P.M. ET on Tuesday while on a training mission. It originated from Joint Base Elmendorf-Richardson, a military facility near Anchorage, Alaska.
The F-22 Raptor carries one pilot but the Air Force has not released the pilot's name.
"Medicare patients" is a heavily searched topic today after a report from the U.S. Department of Health and Human Services showed that 15,000 hospitalized Medicare patients die every month due to treatment errors.
One in seven hospitalized Medicare patients is harmed during their stay and about 1.5% suffer a complication or a treatment error that contributes to their death.
"While hospitals have made great strides in improving care, this report highlights that there is more we can do," American Hospital Association president and CEO Rich Umbdenstock told
CNN
. "Hospitals are already engaged in important projects designed to improve patient care in many of the areas mentioned in the report. We are committed to taking additional needed steps to improve patient care."
"
Macy's
(M) - Get Report
" is a popular search topic today after it unveiled some of the floats and balloons that will be featured in this year's Thanksgiving Day Parade.
Macy's parade studios vice president John Piper said the parade will feature 25 large floats, several smaller floats, and 15 giant balloons.
A character from the
DreamWorks
(DWA)
animation movie
Kung Fu Panda
will be joining the classic balloons, as well as a character from the children's story
Diary of a Wimpy Kid
. The parade will begin at 9 A.M. ET on Nov. 25 and will air on
General Electric's
(GE) - Get Report
NBC.
The chatter on Main Street (a.k.a. Google) is always of interest to investors on Wall Street. Thus, each day, TheStreet compiles the stories that are trending on Google, and highlights the news that could make stocks move.
-- Written by Theresa McCabe in Boston.
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