Leave your feedback Share Copy URL https://www.pbs.org/newshour/nation/jp-morgan-reportedly-reaches-4-billion-settlement-for-claims-over-mortgage-bonds Email Facebook Twitter LinkedIn Pinterest Tumblr Share on Facebook Share on Twitter JP Morgan reportedly reaches $4 billion settlement for claims over mortgage bonds Nation Oct 18, 2013 5:35 PM EDT The Wall Street Journal reported that JPMorgan Chase & Co reached a tentative $4 billion deal with the U.S. Federal Housing Finance Agency to settle claims that the bank misled Fannie Mae and Freddie Mac about the quality of mortgages it sold them during the housing boom. The deal is for less than the $6 billion initially sought. A spokesman for both JPMorgan and FHFA declined to comment or provide guidance to the PBS NewsHour. A free press is a cornerstone of a healthy democracy. Support trusted journalism and civil dialogue. Donate now
The Wall Street Journal reported that JPMorgan Chase & Co reached a tentative $4 billion deal with the U.S. Federal Housing Finance Agency to settle claims that the bank misled Fannie Mae and Freddie Mac about the quality of mortgages it sold them during the housing boom. The deal is for less than the $6 billion initially sought. A spokesman for both JPMorgan and FHFA declined to comment or provide guidance to the PBS NewsHour. A free press is a cornerstone of a healthy democracy. Support trusted journalism and civil dialogue. Donate now