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JPMorgan CEO meets with US Attorney General

MBS settlement talks intensify

Whether the settlement hits $11 billion or not, talks are in the works to bring something into fruition to resolve the government's lingering mortgage securities issues with JPMorgan Chase (JPM). The bank's CEO Jamie Dimon arrived at the Justice Department Thursday as talks of a settlement intensified. Per The Wall Street Journal:

Mr. Dimon arrived at the Justice Department building around 9:20 a.m. to meet with Attorney General Eric Holder, according to a person familiar with the meeting. Mr. Dimon and Mr. Holder are meeting face-to-face to discuss terms of a potential deal, according this person. Like all visitors to the building, Mr. Dimon showed identification to the guards—in his case a New York State driver's license—and proceeded inside.

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An often misguided premise I see on social media is that lower mortgage rates are doing nothing for housing demand. That’s ok — very few people are looking at the data without an agenda. However, the point of this tracker is to show you evidence that lower rates have already changed housing data. So, let’s […]

3d rendering of a row of luxury townhouses along a street

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