Law360 (April 11, 2011, 6:35 PM EDT) -- JPMorgan Chase Bank NA on Monday settled its Michigan federal court suit accusing First American Title Insurance Co. of breaching an agreement related to a sham mortgage that cost now-defunct Washington Mutual Bank $4.5 million.
Judge Marianne O. Battani of the U.S. District Court for the Eastern District of Michigan signed off on the confidential agreement, ending the 3-year-old battle between First American and JPMorgan, which the bank filed after it acquired much of WaMu's assets, including the bogus home loan.
First American still faces an...
JPMorgan, First American Settle $4.5M WaMu Title Row
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