Trustee Sues JPMorgan Affiliate For Mortgage Records

Law360, New York (January 19, 2011, 4:45 PM EST) -- A mortgage trust administrator has sued JPMorgan Chase & Co. affiliate EMC Mortgage Corp., alleging it violated a contract and withheld documents needed to investigate whether it breached representations about the quality of mortgages the trust purchased.

In a complaint filed Tuesday in Delaware Chancery Court, Well Fargo Bank NA, the trustee of Bear Stearns Mortgage Funding Trust 2007-AR2, claims that EMC is required by contract to provide those documents but has protested repeated requests for the records since January 2010.

EMC finally agreed to comply...
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