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JPMorgan Chase reportedly settles with FHFA for $4B

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JPMorgan Chase Agrees to $4B Settlement with FHFA, GSEs November 22, 2013 JPMorgan Chase twice in as many weeks announced multi-billion dollar deals to settle legal disputes with numerous parties – including Fannie Mae, Freddie Mac and their regulator, the Federal Housing Finance Agency – involving residential mortgage-backed securities.

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JPMorgan is about to pay one of the largest fines in corporate history. According to reports, the Justice Department and the bank, America’s largest by assets, have come to a preliminary agreement to pay $13 billion to settle civil charges from the Federal Housing Finance Agency, the New York State.

JPMorgan to Suffer $4B Compliance Hit in 2013: Report.. JPMorgan Chase ( JPM. is looking for JPMorgan to cough up $6 billion to settle claims the bank falsely claimed loans sold to.

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JPMorgan Chase to Pay $5.1 Billion to Settle Mortgage Claims. JPMorgan Chase reached an agreement to resolve all of its mortgage-backed securities litigation with the Federal Housing Finance Agency as conservator for Freddie Mac and Fannie Mae for $4 billion.

Which banks are involved in the settlement? Bank of America, Citigroup, JPMorgan Chase, Wells Fargo and Ally Financial, formerly known as GMAC. Together, those five banks reportedly handle. federal.

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The Federal Housing Finance Agency reportedly secured another large settlement with a mega bank over legacy mortgage issues – this time, a $4 billion deal with JPMorgan Chase & Co. (JPM). The.

Big banks typically negotiate a settlement rather than risk a protracted and reputation-damaging courtroom showdown with U.S. lawyers. While Staley chose to fight, JPMorgan Chase & Co. CEO Jamie Dimon said he "had no choice" but to "surrender," agreeing to pay $13 billion to settle.

Wall Street and the Financial Crisis Anatomy of a.

Among those in the crosshairs is JPMorgan Chase. have yet to settle, though that could soon change. British lender HSBC (HBC) revealed in its interim report earlier this month that it could pay as.

The Federal Housing Finance Agency, as conservator of Fannie Mae (FNMA) and Freddie Mac (FMCC), announced it has reached a settlement with J.P. Morgan Chase (JPM) and related companies for $4B to.

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