JPMorgan reaches proposed $4.5b mortgage securities deal

NEW YORK, Aug 2 (Reuters):  Trustees involved in JPMorgan Chase & Co's  proposed $4.5 billion settlement with investors in money-losing mortgage bonds accepted the bank's offer on Friday for the vast majority of the trusts holding the securities.
The trustees rejected the deal for six of about 330 trusts included in the offer, according to a notice posted on a website run by the trustees.
Twenty seven trusts obtained an extension until October 1 for one or more loan groups.
The settlement would resolve claims over misrepresentations in the quality of mortgages packaged into securities before the collapse of the US housing market.