Fannie Mae: Will housing make full recovery in 2015?

Zillow, Trulia shareholders green light merger

Overwhelming margin approve marriage of online listings giants

Fannie Mae explains 6 ways to push borrowers to refi

Time is running out
W S
Investments / The Ticker

JPMorgan extends deadline for mortgage-bond trustees

balance money and clock
/ Print / Reprints /
| Share More
/ Text Size+

According to an article in Bloomberg, JPMorgan Chase (JPM) agreed to give mortgage-bond trustees evaluating a proposed $4.5 billion settlement over bad loans an extra three months to consider signing onto the deal.

The deadline was extended to June 16, according to a letter posted to a website for the settlement. Trustees including Bank of New York Mellon Corp., Deutsche Bank AG and Wells Fargo & Co. had asked the New York-based bank for the change in a letter dated March 4.Stephen Cutler, JPMorgan’s general counsel, agreed to the request, the document shows.

The previous deadline was March 16, according to an earlier letter.

Source: Bloomberg
Read full story

Recent Articles by HousingWire Staff

Comments powered by Disqus