A federal judge on Wednesday approved a $153.6 million settlement between JPMorgan Chase & Co. and the top U.S. market regulator over allegations a mortgage CDO product defrauded the bank’s investors at the time of the housing market collapse. The U.S. Securities and Exchange Commission and the second-largest U.S. bank announced the settlement on June 21 of civil charges over JPMorgan’s collateralized debt obligation marketed as Squared CDO 2007-1.
JPMorgan-SEC deal on mortgage CDO approved: judge
Most Popular Articles
Latest Articles
Did lower mortgage rates slow housing inventory growth?
After two weeks of significant increases, my model for inventory growth with higher mortgage rates came crashing down last week.
-
Labor market report is good news for mortgage rates
-
Virginia Realtors: Zillow’s touring agreement may not be legal
-
Low inventory creates challenging conditions in North Carolina’s housing market
-
Tri-state area housing shortage could cost the region economically
-
Remote reverse mortgage counseling now permanently permitted in Massachusetts