FHFA and J.P. Morgan Chase Settle Mortgage Securities Claims

摘要

Reuters reported on October 25, 2013, that J.P. Morgan Chase & Co has agreed to pay $5.1 billion to settle claims that it and firms it bought misled Fannie Mae and Freddie Mac about the quality of mortgage securities and home loans it sold to them during the housing boom. The bank and the agencies' regulator said that the settlement was expected to be part of a tentative $13 billion deal that J.P. Morgan is negotiating with federal and state agencies over its mortgage bond liabilities.