Bernstein Research analysts John E McDonald, Ian Weber and Steven Wald take a close look at the potential claims against JPMorgan Chase & Co (NYSE:JPM) for mortgage backed securities (MBS) and GSE issuances issued by WMI Holdings Corp (OTCMKTS:WAMUQ).
JPMorgan Chase & Co (NYSE:JPM) acquired WMI Holdings Corp (OTCMKTS:WAMUQ) in 2008 from the FIDC. Deutsche Bank National Trust has sued JPM and FIDC jointly for claims arising from MBS issuances made by WAMU during the financial crisis.
Representations and Warranties at the core of the dispute
Who holds the can for the Representations and Warranties WMI...
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