KTEP - El Paso, Texas

JPMorgan Likely To Settle Mortgage-Backed Securities Case

Sep 26, 2013
Originally published on September 26, 2013 5:09 am

JP Morgan Chase is negotiating an $11 billion settlement, according to The Wall Street Journal. The firm would pay $7 billion in cash to regulators and $4 billion to consumers. JPMorgan is one of several large banks being investigated for its handling of mortgage-backed securities in the years leading up to the housing crisis.