Posted by & filed under Stockton Real Estate.

Fannie Mae and Freddie Mac reached agreements with JPMorgan Chase to resolve outstanding repurchase claims over toxic mortgages, with the mega bank agreeing to pay $1.1 billion to absolve outstanding issues with the GSEs.

Meanwhile, the FHFA also announced a multibillion-dollar deal between JPMorgan Chase and the two GSE’s to cover legacy mortgage securities claims. …read more

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