J.P. Morgan, Pittsburgh lender settle lawsuit over bad mortgages

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J.P. Morgan, Pittsburgh lender settle lawsuit over bad mortgages

J.P. Morgan, Pittsburgh lender settle lawsuit over bad mortgages

YOU KNOW the inJustice Department didn’t want the Draft Complaint to be exposed!

TribLive-

A Pittsburgh-based home lender reached a settlement deal with J.P. Morgan Chase & Co., which it accused of selling it bad mortgage-backed securities that cost it hundreds of millions of dollars in the housing-bubble collapse.

Details of the settlement agreement between Federal Home Loan Bank of Pittsburgh and J.P. Morgan, announced on Friday before Allegheny County Common Pleas Judge Stanton Wettick, were not disclosed.

“The case is still before the court, and we are not commenting at this time,” said FHLBank spokeswoman Terri McKay.

[TRIBLIVE]

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