JPMorgan reaches another mortgage securities settlement

• JPMorgan (NYSE:JPM) has agreed to pay $388M to settle a suit by investors who claimed the bank misled them about the safety of $10B worth of residential MBSs it sold before the financial crisis.
• The lawsuit, brought by Fort Worth Employees' Retirement Fund and other investors, accused JPMorgan of misleading them about the underwriting, appraisals and credit quality of the home loans underlying the certificates.