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:
jpmc-mbs-settlement.com
jpmorganchasermbssettlement.com
jpmorganmbssettlement.com
jpmrmbssettlement.com
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.
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