JPMorgan Inks $4.5B RMBS Deal With Institutional Investors

Law360, Los Angeles (November 15, 2013, 8:50 PM EST) -- JPMorgan Chase & Co. agreed to a $4.5 billion settlement with 21 major institutional investors on Friday, in which it will make a binding offer to the trustees of 330 residential mortgage-backed securities trusts issued by JPMorgan, The Bear Stearns Companies Inc. and Chase, to settle mortgage repurchase and servicing claims.

The deal comes less than two weeks after U.S. Attorney General Eric Holder said the U.S. Department of Justice was still in talks to finalize a proposed $13 billion settlement with JPMorgan for its allegedly...
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