Bank registers domain names for a settlement with the U.S. government over mortgage backed securities.
It’s no secret that J.P. Morgan is on the verge of a multi-billion dollar settlement with the U.S. government over mortgage backed securities.
That probably explains why the bank just registered a handful of domain names related to the settlement:
MBS obviously stands for “mortgage backed securities”. The domain names were registered yesterday.
The domain names are likely just defensive registrations, as I’m not sure any settlement would involve a website where people could make claims. Defensive registrations may have been provoked by a third party registering JPMorganSettlement.com last month.
The settlement is rumored to be for $13 billion, with $9 billion in fines or penalties and $4 billion going to consumer relief for struggling homeowners.