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On February 24, monoline insurer Syncora Guarantee, Inc. announced that it had reached a settlement of RMBS litigation against JP Morgan Chase for an undisclosed sum.
On February 24, monoline insurer Syncora Guarantee, Inc.
announced that it had reached a settlement of RMBS litigation
against JP Morgan Chase for an undisclosed sum. Syncora had
alleged that J.P. Morgan and its affiliates misrepresented the
quality of loans underlying RMBS securitizations insured by
Syncora. Press Release.
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