JPMorgan Offers $4.5 Billion Settlement To Mortgage-Backed Securities Trustees

JPMorgan Offers $4.5 Billion Settlement To Mortgage-Backed Securities Trustees

NEW YORK - JPMorgan Chase & Co. will issue a binding offer to the trustees of 330 residential mortgage-backed securities (RMBS) trusts that were issued by J.P. Morgan Chase and Bear Stearns, after reaching a $4.5 billion agreement with 21 institutional investors, according to a JPMorgan press release issued on Nov. 15.

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