JPMorgan to Pay $13 Billion in Federal-State Deal Over Mortgage Backed Securities

BOSTON – November 20, 2013 – (RealEstateRama) — JPMorgan Chase and Co. will pay $13 billion in a joint federal-state settlement over the practices of its mortgage-backed security activities, Attorney General Martha Coakley announced today. This is the fifth settlement resulting from AG Coakley’s ongoing investigation into the role of Wall Street investment banks in funding, purchasing and securitizing unfair residential mortgage loans


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