JPMorgan Chase & Co ( JPM) and U.S. government officials have agreed on terms of a $4 billion consumer relief package that is to be part of a $13 billion deal to settle the bank's liability to government agencies over mortgage securities, the Wall Street Journal said on Monday.
The $4 billion portion of the deal would pay for write-downs of mortgage loans, demolition in blighted areas and lower monthly payments for homeowners, according to the report, which cited people familiar with the matter.
(Reporting by David Henry in New York; Editing by Bernard Orr)
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JPM, DOJ Set Terms for $4B Piece of $13B Deal: WSJ Updated at :
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Monday, November 18, 2013
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