It’s 5PM Friday – Like all other settlements announced …
HW-
Mega bank JPMorgan Chase (JPM) reached a $4.5 billion agreement with 21 major institutional investors Friday to resolve legacy mortgage-backed securities issues.
The institution made a binding offer to the trustees of 330 RMBS trusts issued by Chase and Bear Stearns — a firm taken over by JPM in the wake of the financial crisis.
The settlement represents another critical step in the bank’s efforts to resolve mortgage-related legacy matters, the bank said.
From Reuters-
The settlement does not include trusts issued by Washington Mutual, which JPMorgan also acquired.
The deal is separate from the preliminary $13 billion settlement JPMorgan has reached with the U.S. government that would resolve a raft of actions over mortgage-backed securities.
“This settlement is another important step in J.P. Morgan’s efforts to resolve legacy related RMBS matters,” the bank said in a statement.
[REUTERS]
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Michael T. Pines was deemed incompetent by San Diego district attorney and was held without a trial or meaningful hearing. Jailed and recently transportated to a State mental hospital “PATTON” Hospital is seeking help to hire Attorney John Lanahan, Phone: 619-237-5498.
Mr. Pine’s knew all along the fraud being committed by banks and his efforts to expose the banks unfortunately placed him in an unfair position. Please ask your readers to help Mr. Pine receive fair treatment and protection as guaranteed by our Constitution. Mr. Pines fought to expose fraud, robo signing, production of business records. His efforts were railroaded by civil servants who’s agenda were to disable his practice to stop assisting homeowner’s in finding out the real truth about their defunct and defective mortgage. Thank you.