U.S. Supreme Court Denies JPMorgan's Motion In Mortgage-Backed Securities Case

WASHINGTON, D.C. - The U.S. Supreme Court on Oct. 7 denied JPMorgan Chase & Co.'s motion to intervene in a Federal Housing Finance Agency (FHFA) lawsuit against several financial institutions that seeks to recover money lost as a result of the banks' sale of toxic residential mortgage-backed securities to Fannie Mae and Freddie Mac (JPMorgan Chase & Co. v. Federal Housing Finance Agency, No. 13M30, U.S. Sup.).

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