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Trust Sues JP Morgan's EMC Mortgage Unit Over Loan Pool Purchase -Bloomberg

DOW JONES NEWSWIRES J.P. Morgan Chase & Co. (JPM) unit EMC Mortgage was sued by a trust that formed in 2006 and bought a pool of residential mortgage loans from EMC, Bloomberg News reported Friday. EMC is a former Bear Stearns unit. SACO I Trust 2006-5 alleges EMC made "numerous breaches of representations and warranties" about the quality of the loans, Bloomberg reported. The trust is seeking damages of at least $293 million plus interest, Bloomberg reported. A J.P. Morgan spokeswoman didn't immediately a return an email from Bloomberg seeking comment. Full story at http://www.bloomberg.com/news/2012-05-25/emc-mortgage-sued-by-securitization-trust-in-new-york-2-.html -Dow Jones Newswires; 212-416-2900

Stock News for Jp Morgan Chase (JPM)
DateTimeHeadline
07/03/201512:02:03Bank of America Earnings: 3 Things to Watch
07/02/201517:17:21Free Writing Prospectus - Filing Under Securities Act Rules 163/433...
07/02/201517:15:16Free Writing Prospectus - Filing Under Securities Act Rules 163/433...
07/02/201517:15:14Free Writing Prospectus - Filing Under Securities Act Rules 163/433...
07/02/201517:12:35Free Writing Prospectus - Filing Under Securities Act Rules 163/433...
07/02/201517:11:43Free Writing Prospectus - Filing Under Securities Act Rules 163/433...
07/02/201517:10:27Free Writing Prospectus - Filing Under Securities Act Rules 163/433...
07/02/201517:09:34Free Writing Prospectus - Filing Under Securities Act Rules 163/433...
07/02/201517:07:21Free Writing Prospectus - Filing Under Securities Act Rules 163/433...
07/02/201516:35:29Free Writing Prospectus - Filing Under Securities Act Rules 163/433...
07/02/201516:32:29Free Writing Prospectus - Filing Under Securities Act Rules 163/433...
07/02/201516:30:41Free Writing Prospectus - Filing Under Securities Act Rules 163/433...
07/02/201516:29:50Free Writing Prospectus - Filing Under Securities Act Rules 163/433...
07/02/201516:23:45Free Writing Prospectus - Filing Under Securities Act Rules 163/433...
07/02/201516:22:53Statement of Changes in Beneficial Ownership (4)
07/02/201516:22:53Statement of Changes in Beneficial Ownership (4)
07/02/201516:22:53Statement of Changes in Beneficial Ownership (4)
07/02/201516:22:53Statement of Changes in Beneficial Ownership (4)
07/02/201516:22:53Statement of Changes in Beneficial Ownership (4)
07/02/201516:22:53Statement of Changes in Beneficial Ownership (4)

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