Wells Fargo has agreed to a $125 million settlement of a lawsuit that accused it and other underwriters of misrepresenting the quality of loans with mortgage pass-through certificates it sold, according to a report in the New York Times. Investors in those certificates get income payments from the mortgages. The suit was related to $67.5 billion worth of certificates sold by Wells Fargo, along with underwriters Goldman Sachs, JP Morgan Chase & Co. and UBS. A judge dismissed the claims against the underwriters and narrowed some of the claims against Wells Fargo last...
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