JPMorgan to pay $50 million over improper mortgage practices: DOJ
Reuters
Published Mar 03, 2015 10:55AM ET
JPMorgan to pay $50 million over improper mortgage practices: DOJ
WASHINGTON (Reuters) - JPMorgan Chase (N:JPM) will pay $50 million as part of a national settlement agreement to compensate homeowners in bankruptcy over the use of robo-signing and other improper practices, the Department of Justice said on Tuesday.
The settlement includes cash payments, mortgage loan credits and loan forgiveness to more than 25,000 homeowners, the Justice Department said in a statement.
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Written By: Reuters
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