According to Reuters, JPMorgan Chase (JPM) is trying to make a last-minute effort to settle a case that was to be filed on Tuesday, accusing the bank of violating U.S. laws in its sale of mortgage bonds in California.
The case, which was to be filed by U.S. prosecutors in the Eastern District of California, deals with the bank's sale of bonds backed by subprime mortgages and other risky home loans between 2005 and 2007.
On today’s sponsored episode, Editor in Chief Sarah Wheeler talks with Donna Spencer, vice president of servicer relationship and performance management at Freddie Mac, to discuss their new Servicing Excellence initiative and the benefits for their partners. Related to this episode: Related to this episode: Servicing Excellence https://sf.freddiemac.com/articles/insights/servicing-excellence Forging a New Path: The Future of […]
