JPM, FHFA Pact Sets High Bar

The $4 billion settlement between JPMorgan Chase and the U.S. Federal Housing Finance Agency over mortgage-backed securities sold to Fannie Mae and Freddie Mac sets “a relatively high bar” for other banks looking to reach similar agreements, according to Fitch Ratings.

  • 29 Oct 2013

The $4 billion settlement between JPMorgan Chase and the U.S. Federal Housing Finance Agency over mortgage-backed securities sold to Fannie Mae and Freddie Mac sets “a relatively high bar” for other banks looking to reach similar agreements, according to Fitch Ratings.

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Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 Citi 3,691 11 20.70
2 Morgan Stanley 2,420 6 13.57
3 Goldman Sachs 2,096 5 11.75
4 BNP Paribas 1,686 6 9.45
5 Barclays 1,565 4 8.78

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4 Bank of America Merrill Lynch 27,917.30 88 7.74%
5 Credit Suisse 22,890.32 71 6.35%