The Greenlining Institute has asked the chief executives of JPMorgan Chase & Co. and Citigroup Inc. for a 60-day halt on foreclosures of all subprime and option adjustable-rate mortgages held by Washington Mutual Inc. and Wachovia Corp.
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Robert Gnaizda, Greenlining's general counsel, sent letters asking to meet personally with James Dimon, the CEO of JPMorgan Chase. and with Vikram Pandit, Citi's chief executive, by Nov. 10.
Greenlining, a California consumer advocacy group, is currently talking with congressional and state legislators "about the advisability of informal hearings" on JPMorgan Chase's purchase of Wamu's banking operation and Citi's deal for Wachovia's banking operation, according to the letters.
