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JPMorgan And Government Set Terms For $4 Billion Piece Of $13 Billion Deal

wochit politics
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November 18, 2013 AT 1:36 PM
JPMorgan Chase 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 $4 billion portion of the deal would pay for write-downs of mortgage loans, demolition in blighted areas and lower monthly payments for homeowners