Exclusive: JPMorgan's proposed $4.5 billion deal to be accepted for most trusts- source

Trustees representing investors in JPMorgan Chase & Co's $4.5 billion settlement over money-losing mortgage-backed securities are expected to accept the bank's proposal for the vast majority of their trusts, according to a person familiar with the matter. The seven trustees overseeing the securities will accept the deal for all but perhaps two dozen of the 330 trusts included in the offer, the person said. Trustees may poll bondholders in some trusts to see if they would pursue claims if the offer is rejected, the person said. JPMorgan reached the $4.5 billion agreement in November with 21 institutional investors in 330 residential mortgage-backed securities trusts issued by JPMorgan and Bear Stearns, which it took over during the financial crisis.

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