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JPMorgan Chase and DOJ settlement talks reheat

According to The Wall Street Journal, talks between JPMorgan Chase (JPM) and the Department of Justice are starting to reheat after several disagreements threatened to ruin a pact between the two last month.

Comprehensive final terms haven't been reached, but several people said it was possible they could be agreed to this week.

The $13 billion deal would resolve a number of probes into the bank's sale of mortgage bonds during the housing boom.

Negotiators from J.P. Morgan and the Justice Department are working on final language that would resolve the differences that divided the two sides last week, including the question of whether J.P. Morgan can count $5.1 billion in recent settlements with mortgage-finance companies Fannie Mae and Freddie Mac toward the $13 billion total.

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Freddie Mac’s Donna Spencer on their Servicing Excellence initiative 

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 […]

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

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