JPMorgan to pay $5.1bn to settle Fannie, Freddie claims

GMT 00:53 2013 Saturday ,26 October

Arab Today, arab today JPMorgan to pay $5.1bn to settle Fannie, Freddie claims

Arab Today

JPMorgan Chase will pay $5.1 billion in a pair of settlements related to mortgage and mortgage-backed securities sold to Freddie Mac and Fannie Mae, US officials said Friday. The settlement resolves part of the tab as the US's biggest bank by assets proceeds with negotiations with the US over a broader pact to resolve mortgage-related violations.  

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