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Showing posts with label mortgage offerings. Show all posts
Showing posts with label mortgage offerings. Show all posts

January 11, 2015

JPMorgan to pay $500 million in Bear Stearns mortgage settlement: source

(Reuters) - JPMorgan Chase & Co (JPM.N) has agreed in principle to settle class action litigation arising from Bear Stearns' sale of $17.58 billion of mortgage securities that proved defective during the recent U.S. housing and financial crises.