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February 25, 2015 The settlement is the latest in a string tied to the mortgage practices that led to the housing bubble, which was mostly responsible for the great recession.
In a settlement deal, JPMorgan Chase has agreed to pay some $13 billion in fines and other payments related to mortgages and mortgage securities that helped cause the financial crisis that began in 2007.
November 19, 2013 The Justice Department announces that JPMorgan Chase will pay $13 billion to settle U.S. claims over the sale of troubled mortgages. The deal includes a $4 billion payment for consumer relief. More than half of the record settlement amount will be tax-deductible, the banking giant says.
People pass a sign for JPMorgan Chase at its headquarters in Manhattan last year.
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October 11, 2013 The country's biggest bank by assets is reeling from a $920 million penalty for failing to control risky trades and faces a multi-billion dollar settlement for mortgage abuse.
April 2011: A foreclosure sign in front of a home in Richmond, Calif.
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January 7, 2013 Some borrowers who were mistreated during foreclosures will receive compensation. The payments will range from hundreds of dollars to $125,000. The agreement ends a case-by-case review of the banks' actions.
March 16, 2012 A former employee describes what life was like inside a giant mortgage lender back in 2006. It's not pretty.
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For sale signs on a foreclosed house in Glendale, Calif., last September.
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February 10, 2012 There's been some skepticism about how much help the $25 billion package will give hard-hit homeowners. HUD Secretary Shaun Donovan says there are other remedies for those who were devastated.
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A foreclosure/price reduced sign stands in front of a home for sale on February 11, 2011 in Miami.
October 4, 2011 Warnings were given but action wasn't taken, an inspector general says. Read the report.
January 29, 2010 On today's podcast, tough decisions for underwater homeowners.
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