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JPMorgan expected to sign $13bn settlement today

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Mortgage Professional America | 19 Nov 2013, 08:05 AM Agree 0
After weeks of often tense negotiations, the nation's biggest bank appears ready to sign an agreement to settle claims it sold shoddy mortgages to investors.
  • CoreyD | | 19 Nov 2013, 08:40 AM Agree 0
    But what's happening with Bank of America?!! Nothing??
  • Wm Matz | | 20 Nov 2013, 04:53 PM Agree 0
    This may be one of the rare times I have sympathy for a lender. If this settlement is for WaMu mortgages, the purchase agreement with FDIC indemnified JPMC. So does FDIC have to pay settlement?
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