Wednesday,  December 11 , 2024

Linkedin Pinterest
News / Business

JPMorgan to pay $5.1 billion over mortgages

The Columbian
Published: October 25, 2013, 5:00pm

NEW YORK — JPMorgan Chase & Co. will pay $5.1 billion to resolve claims over faulty investments sold to mortgage giants Fannie Mae and Freddie Mac in the lead-up to the financial crisis.

The Federal Housing Finance Agency, which oversees Fannie and Freddie, announced the deal late Friday.

The $5.1

Thank you for reading The Columbian.

Subscribe for only $99/year to get unlimited access.

Already a subscriber? Sign in right arrow icon

Support local journalism

Your tax-deductible donation to The Columbian’s Community Funded Journalism program will contribute to better local reporting on key issues, including homelessness, housing, transportation and the environment. Reporters will focus on narrative, investigative and data-driven storytelling.

Local journalism needs your help. It’s an essential part of a healthy community and a healthy democracy.

Community Funded Journalism logo
Loading...