Trustees Seek Help In Splitting $4.5B JPMorgan RMBS Deal

Categorized | STOP FORECLOSURE FRAUD

Trustees Seek Help In Splitting $4.5B JPMorgan RMBS Deal

Trustees Seek Help In Splitting $4.5B JPMorgan RMBS Deal

Law360-

Units of Wells Fargo and other banks went back to New York state court Friday to ask for guidance on how they, as trustees for a slew of residential mortgage-backed securities trusts, should distribute the $4.5 billion they expect to receive soon from a settlement between JPMorgan and a group of investors in the trusts.

The settlement, which resolved the investor group’s claims that JPMorgan Chase & Co. misled them into buying defective mortgage bonds in the lead-up to the financial crisis of 2007, received approval…

[LAW 360]

© 2010-18 FORECLOSURE FRAUD | by DinSFLA. All rights reserved.



Comments

comments

This post was written by:

- who has written 9042 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