Chase RMBS Settlement Announcement
May 20, 2014
On November 19, 2013, the federal government, five states and JPMorgan Chase reached an agreement to settle claims that Chase, Bear Stearns and Washington Mutual packaged and sold bad mortgages to investors before the financial crisis (Chase RMBS Settlement). Joseph A. Smith, Jr. was appointed to monitor Chase’s consumer relief obligations set forth by the settlement. Click here to view a breakdown of the Chase RMBS Settlement.