JPMorgan Chase Agrees to $4B Settlement with FHFA, GSEs
November 22, 2013
JPMorgan Chase twice in as many weeks announced multi-billion dollar deals to settle legal disputes with numerous parties – including Fannie Mae, Freddie Mac and their regulator, the Federal Housing Finance Agency – involving residential mortgage-backed securities. This week, the Department of Justice, along with other federal and state agencies – including the Federal Housing Finance Agency – reached a $13 billion settlement with JPMorgan, which acknowledged making misrepresentations about billions of dollars in MBS sold…
Is Onity Group eyeing a sale? Perhaps. And why not? Servicing values are approaching a 25-year high.
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