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JPMorgan Chase Agrees To Pay $5.1 Billion To Feds

By Melissa Block,

Dan Bobkoff, Melissa Block

Published October 25, 2013 at 5:26 PM CDT

JPMorgan Chase agreed pay $5.1 billion to settle litigation over mortgage assets sold during the housing bubble. The deal, announced late Friday afternoon, is to resolve claims the company misled Fannie Mae and Freddie Mac before the housing market crashed. It is part of a tentative $13 billion deal the company is trying to reach with federal and state agencies over its mortgage liabilities.

Melissa Block

See stories by Melissa Block

Dan Bobkoff

See stories by Dan Bobkoff

Melissa Block

As special correspondent and guest host of NPR's news programs, Melissa Block brings her signature combination of warmth and incisive reporting. Her work over the decades has earned her journalism's highest honors, and has made her one of NPR's most familiar and beloved voices.