JP Morgan Agrees to $5.1 Billion Settlement with Housing Regulator

A government regulator announced Friday it had reached $5.1 billion in settlement with JP Morgan Chase over alleged mortgage practice violations leading up to the 2008 mortgage crisis. The Federal Housing Finance Agency, which oversees mortgage-finance companies Fannie Mae and Freddie Mac, said JP Morgan will pay $4 billion to resolve a lawsuit over allegations the bank misled the companies about the quality of mortgages they bought between 2005 and 2007. The bank will pay another $1.1 billion i...