Justice Department Victory: JP Morgan Settles
These white collar criminals stole millions of homes from millions of families.
JPMorgan’s settlement: A win for communities hit hard by housing crisis
By Danielle Douglas, Published: November 19
The Justice Department scored a colossal victory Tuesday in its record $13 billion settlement with JPMorgan Chase, and some communities devastated by the housing crisis could also walk away with a big win.
The landmark agreement, which resolves a myriad of government probes into the bank’s sale of defective mortgage securities, carves out more than $4 billion to help struggling homeowners and neighborhoods riddled with abandoned or foreclosed houses.
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