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JPMorgan Chase to pay $ 4.5 billion in mortgage collateral
new York: JPMorgan Chase & Co announced Friday that it agreed to pay $ 4.5 billion to settle claims from investors who lost money on mortgage-backed securities before the collapse of the US real estate market. The bank struck a deal with 21 institutional investors in 330 residential mortgage-backed securities trusts issued by JPMorgan and …
JPMorgan Chase will pay $4.5 billion in mortgage security
New York: JPMorgan Chase & Co said Friday it had agreed to pay $4.5 billion to settle claims from investors who lost money on mortgage-backed securities before the collapse of the U.S. housing market. The bank made the deal with 21 institutional investors in 330 residential mortgage-backed securities trusts issued by JPMorgan and Bear Stearns, …