3 quick takeaways from the mortgage conference happening right now

3 quick takeaways from the mortgage conference happening right now

Tidbits from SourceMedia Mortgage Servicing conference

New home sales plummet 14.5% in March

Spring buying season off with a whimper

4 metrics reveal California's true housing market

Foreclosures dwindle as home prices skyrocket
W S
Investments / The Ticker

JPMorgan Chase and DOJ settlement talks reheat

weakening flame
/ Print / Reprints /
| Share More
/ Text Size+

According to The Wall Street Journal, talks between JPMorgan Chase (JPM) and the Department of Justice are starting to reheat after several disagreements threatened to ruin a pact between the two last month.

Comprehensive final terms haven't been reached, but several people said it was possible they could be agreed to this week.

The $13 billion deal would resolve a number of probes into the bank's sale of mortgage bonds during the housing boom.

Negotiators from J.P. Morgan and the Justice Department are working on final language that would resolve the differences that divided the two sides last week, including the question of whether J.P. Morgan can count $5.1 billion in recent settlements with mortgage-finance companies Fannie Mae and Freddie Mac toward the $13 billion total.

Source: WSJ
Read full story

Recent Articles by HousingWire Staff

Comments powered by Disqus