After recently completing its initial IPO, private mortgage insurance provider names its governing body, entrusted with setting corporate management and oversight policies.
Read More »JPMorgan Raising Wages After Passage of Tax Reform
While the long-term impacts of the tax reform bill passed by Congress and signed into law by President Trump remain to be seen, at least one major corporation is investing some of their tax windfall into continuing growth. According to ...
Read More »JPMorgan Settles 401(k) Suit Tied to MBS
The settlement, pertaining to a 2012 class-action suit, is now awaiting approval by a U.S. district judge.
Read More »Sentencing Date Set for Former JPMorgan Loan Officer
Former senior loan officer at JPMorgan Chase & Co. admitted to a $33 million mortgage fraud scheme recently. A Florida federal judge accepted the plea and set the sentencing date for August 17. In exchange for shorter sentencing and other charges to be dropped, the $33 million will be paid in restitution.
Read More »JPMorgan Chase & MBS Investors Reach $388 Million Settlement in Lawsuit
JPMorgan Chase & Co agreed to pay $388 million to resolve a lawsuit by investors who claimed that the U.S. bank provided misleading information about the safety of $10 billion worth of residential mortgage-backed securities it sold before the financial crisis, according to multiple media reports.
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