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JPMorgan Unit Faces $293M Suit Over MBS Loan Buyback Deal

By Sindhu Sundar (May 25, 2012, 10:34 PM EDT) -- JPMorgan Chase & Co. and its unit EMC Mortgage LLC were sued Friday for $293 million by a securitization trust that had financed the purchase of residential mortgage loans EMC had sold, claiming EMC violated an agreement to repurchase shoddy loans....

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