Julián Castro sworn in, spends first day as HUD Secretary

Julián Castro sworn in, spends first day as HUD Secretary

Former San Antonio mayor takes over for Shaun Donovan

Blackstone adviser: Investors worried about ‘serious correction’

Byron Wien still holds his line

It’s official: Zillow will own Trulia

"Better agents make for better advertisers"
W S
Investments / The Ticker

Settling MBS disputes could cost JPMorgan upwards of $7 billion

legal steps
/ Print / Reprints /
| Share More
/ Text Size+

According to CNBC, JPMorgan Chase (JPM) may pay anywhere from $3 billion to $7 billion to settle lingering issues over mortgage-backed securities sold to investors during the run-up to the financial crisis. CNBC explains:

The talks, which involve the Justice Department, the Department of Housing and Urban Development and the New York attorney general's office, continued on Tuesday without resulting in a final deal. The people briefed on the negotiations, who were not authorized to speak publicly, cautioned that terms were shifting and that the talks could fall apart.

Source: CNBC
Read full story

Recent Articles by HousingWire Staff

Comments powered by Disqus