BNY Mellon is seeking $475 million in breach of contract and breaches of warranties and representations in the 2006 purchase from WMC Mortgage LLC as successor-by-merger to WMC Mortgage Corp., J.P. Mortgage Acquisition Corp. and JPMorgan Chase Bank. JP Morgan Chase has urged a judge to throw out a residential mortgage backed securities lawsuit lodged against it. The suit was filed by the Federal Housing Finance Agency (FHFA) in July 2012 after it learned that JPMorgan, which is now part of Bank of America, had been secretly funneling money into Fannie
JP Morgan Chase has urged a judge to throw out a residential mortgage backed securities lawsuit lodged against it. The suit was filed by the Federal Housing Finance Agency (FHFA) in July 2012 after it learned that JPMorgan, which is now part of Bank of America, had been secretly funneling money into Fannie