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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
07/27/201520:30:25Federal Lawmakers Propose Credit Reporting Changes
07/27/201517:09:26Statement of Changes in Beneficial Ownership (4)
07/27/201516:55:09Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
07/27/201511:17:00J.P. Morgan Retirement Insights Compares Custom and "Off-the-Shelf...
07/26/201515:10:34Goldman-Backed Instant-Messaging Company Symphony Seeks New Investment...
07/24/201515:16:45Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
07/24/201514:33:56Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
07/24/201513:38:37Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
07/24/201510:38:26Free Writing Prospectus - Filing Under Securities Act Rules 163/433...
07/24/201506:02:05Free Writing Prospectus - Filing Under Securities Act Rules 163/433...
07/24/201506:02:05Free Writing Prospectus - Filing Under Securities Act Rules 163/433...
07/24/201506:01:28Free Writing Prospectus - Filing Under Securities Act Rules 163/433...
07/23/201516:11:20Free Writing Prospectus - Filing Under Securities Act Rules 163/433...
07/23/201515:25:01Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
07/23/201513:06:11Free Writing Prospectus - Filing Under Securities Act Rules 163/433...
07/23/201507:00:00Chase and Southwest Airlines Renewal Cleared for Takeoff
07/23/201506:02:14Free Writing Prospectus - Filing Under Securities Act Rules 163/433...
07/23/201506:02:14Free Writing Prospectus - Filing Under Securities Act Rules 163/433...
07/23/201506:02:14Free Writing Prospectus - Filing Under Securities Act Rules 163/433...
07/23/201506:02:13Free Writing Prospectus - Filing Under Securities Act Rules 163/433...

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