Freddie Mac: Here are the top 5 improving metro markets for housing

The Census Bureau is cooking the new home sales numbers

You can’t make bricks with imaginary straw

The 12 hottest housing markets right now

And the biggest losers in the price growth race
W S
Lending / The Ticker

JPMorgan Chase $280M MBS case gets preliminary court approval

JPMorgan

JPMorgan Chase (JPM) won preliminary court approval from a U.S. judge for its agreement to pay $280 million to resolve claims tied to $36.8 billion in mortgage securities issued in 2006 and 2007. Per Reuters:  

U.S. District Judge Pamela Chen, in Brooklyn, New York, issued the preliminary approval on Friday. The settlement, which is subject to final court approval, would resolve a class action lawsuit filed in 2008.

The accord marks the third-largest settlement in a U.S. class action against banks that packaged and sold mortgage securities at the center of the 2008 financial crisis.

Recent Articles by Brena Swanson

Comments powered by Disqus