Two whistleblowers filed the original case against Wells Fargo Bank ($31.90 0.3852), Bank of America ($8.14 0.1499), CitiMortgage ($35.36 1.07), Suntrust Mortgage ($22.20 0.32), Washington Mutual Bank, PNC Bank, Countrywide Home Loans, Mortgage Investors Corp. and First Tennessee Bank.
JPMorgan Chase declined to comment, but said the settlement stipulates the agreement is not an admission of wrongdoing on the bank's part. The law firm of Butler, Wooten & Fryhofer represented the plaintiffs in the case and confirmed the settlement Tuesday.
To date, JPMorgan Chase is the only lender to settle.
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