Feds Chase History With Eye-Popping JPMorgan Settlement

Law360, New York (October 21, 2013, 10:18 PM EDT) -- Like other Wall Street giants in the government's crosshairs, JPMorgan Chase & Co. is playing "let's make a deal."

Reports swirled Saturday that JPMorgan had reached a tentative agreement to pay $13 billion to resolve multiple federal and state investigations into its home-loan practices and sales of mortgage-backed securities. The deal would include a $4 billion payment to the Federal Housing Finance Agency, the conservator for government-sponsored enterprises Fannie Mae and Freddie Mac, which purchased shoddy securities before the 2008 financial crisis, according to a New...
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