JPM, FHFA Pact Sets High Bar

29 Oct 2013

The $4 billion settlement between JPMorgan Chase and the U.S. Federal Housing Finance Agency over mortgage-backed securities sold to Fannie Mae and Freddie Mac sets “a relatively high bar” for other banks looking to reach similar agreements, according to Fitch Ratings.

The $4 billion settlement between JPMorgan Chase and the U.S. Federal Housing Finance Agency over mortgage-backed securities sold to Fannie Mae and Freddie Mac sets “a relatively high bar” for other banks looking to reach similar agreements, according to Fitch Ratings.

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