JPMorgan Reaches $4 Billion Deal With U.S. Housing Agency: WSJ

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JPMorgan Reaches $4 Billion Deal With U.S. Housing Agency: WSJ

by Wochit 0:35 mins

JPMorgan Reaches $4 Billion Deal With U.S. Housing Agency: WSJ

by Wochit 0:35 mins

NEW YORK (Reuters) - JPMorgan Chase & Co has reached a tentative $4 billion deal with the U.S. Federal Housing Finance Agency to settle claims that the bank misled government-sponsored mortgage agencies about the quality of mortgages it sold to them during the housing boom, the Wall Street Journal reported on its website on Friday. The deal is for less than the $6 billion the agency initially sought, the Journal said, citing people close to the discussions. A spokesman for JPMorgan was not immediately available for comment. (Reporting by David Henry in New York; Editing by Gary Hill)

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