JPMorgan Offers $4B To Exit FHFA's Toxic MBS Suit

JPMorgan Offers $4B To Exit FHFA's Toxic MBS Suit

JPMorgan Chase & Co. is tentatively offering to pay $4 billion to settle claims it misrepresented the quality of mortgage-backed securities it sold to Fannie Mae and Freddie Mac before the 2008 financial crisis, according to a news report Friday. ...read more

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