JPMorgan Proposed Mortgage Accord Said to Meet Resistance

Categorized | STOP FORECLOSURE FRAUD

JPMorgan Proposed Mortgage Accord Said to Meet Resistance

JPMorgan Proposed Mortgage Accord Said to Meet Resistance

Bloomberg-

JPMorgan Chase & Co. (JPM)’s proposed terms for settling state and federal probes of mortgage-bond sales were rejected by the Department of Justice this week, according to two people familiar with the negotiations.

The Justice Department told the bank it won’t agree to language the firm submitted Oct. 27, said the people, who asked not to be named because the talks are private. The sides split over JPMorgan’s plan to seek reimbursement from the Federal Deposit Insurance Corp. for part of the accord and the bank’s bid for exemption from criminal liability in probes unrelated to residential mortgage-backed securities, one person said.

[BLOOMBERG]

© 2010-17 FORECLOSURE FRAUD | by DinSFLA. All rights reserved.



Comments

comments

This post was written by:

- who has written 8710 posts on FORECLOSURE FRAUD | by DinSFLA.

CONTROL FRAUD | ‘If you don’t look; you don’t find, Wherever you look; you will find’ -William Black

Contact the author

Leave a Reply

GARY DUBIN LAW OFFICES FORECLOSURE DEFENSE HAWAII and CALIFORNIA
Advertise your business on StopForeclosureFraud.com

Archives