US regulator sues JPMorgan over WaMu mortgage securities

WASHINGTON Fri Jan 4, 2013 5:43pm EST

WASHINGTON Jan 4 (Reuters) - The U.S. credit union regulator sued JPMorgan and Washington Mutual late Friday over $2.2 billion in mortgage securities sold to credit unions that collapsed because of losses from the securities.

The suit is the third the regulator, the National Credit Union Administration, has filed against JPMorgan involving mortgage losses, and the second in the past month.