Barclays said in a report on Friday that  JP Morgan's payout on breeches of RMBS representation and warranties  is 37% smaller than the Countrywide payout on similar claims, which is likely to raise some issues with some investors.

On Friday JP Morgan reached a tentative settlement with 21 institutional investors, represented by the law firm Gibbs and Bruns, to pay $4.5 billion to settle the claims on 330 RMBS trusts issued by Bear Stearns and JP Morgan between 2005 and 2007.

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