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JP Morgan will pay $5.1 billion fine to FHFA

Name: JP Morgan will pay $5.1 billion fine to FHFA
Uploaded: 2013-10-26T02:05:09-0400
Duration: 24 s
Description: JP Morgan Chase will pay a $5.1 billion fine to the Federal Housing Finance Agency to resolve claims that the bank misled Fannie Mae and Freddie Mac about misleading risky home loans and mortgage securities before the housing market collapsed. Anthony Mason reports.

JP Morgan Chase will pay a $5.1 billion fine to the Federal Housing Finance Agency to resolve claims that the bank misled Fannie Mae and Freddie Mac about misleading risky home loans and mortgage securities before the housing market collapsed. Anthony Mason reports.