JPMorgan to settle GSE claims for $5.1B

|About: JPMorgan Chase & Co. (JPM)|By:, SA News Editor

JPMorgan (JPM) will settle Fannie and Freddie claims for $5.1B.

FHFA says a $4B settlement is reached over mortgage-backed securities purchased by Fannie and Freddie during 2005-07, and separate $1.1B settlements will cover representation and warranty claims. (PR)