If the Federal Housing Finance Agency managed to obtain the highest possible settlement with JPMorgan Chase (JPM) over the bank's sale of troubled mortgage-backed securities to the enterprises, the bank would be on the hook for $6 billion, Seeking Alpha reports. As the publication points out below, JPMorgan could fight it out, but the court's rulings so far don’t bode well for the banking giant:

"$6B would be the high-end of what JPMorgan last year figured was its liability in the case (the suit is over $33B in MBS). The House of Dimon could await its day in court, but nearly all initial rulings have gone against the banks thus far. A settlement before the summer 2014 trial date still looks probable," Seeking Alpha wrote.

 

Most Popular Articles

CFPB to consider changing or eliminating TRID rule

The CFPB has been taking a long, hard look at some of its rules and regulations. Next up on its list to review is TRID, and it looks like eliminating the rule entirely is not off the table.

Nov 20, 2019 By
3d rendering of a row of luxury townhouses along a street

Log In

Forgot Password?

Don't have an account? Please