Rick Sharga: Is this the end of the housing recovery?

Rick Sharga: Is this the end of the housing recovery?

Maybe it wasn’t the snow after all

Stewart Information Services 1Q earnings suffer from mortgage reductions

Posts net loss of $12.1 million

New home sales plummet 14.5% in March

Spring buying season off with a whimper
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