What JPMorgan did wrong: 2006 meeting and ignored warnings spurred $13B settlement
By EsqSocial Corporation 20/11/13
A statement of facts negotiated as part of a record $13 billion settlement announced on Tuesday details how JPMorgan Chase misled investors when packaging mortgage securities. JPMorgan hired a third party to review mortgages purchased from lenders for securitization, but ignored warnings and included faulty loans in the pools without…