Urban Institute: Qualified Mortgage impact overblown

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New rules have only slightly slowed mortgage lending

WATCH: Former Wells Fargo CEO calls BofA fine “extortion”

Kovacevich says fine is political and has “nothing to do with justice”

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Investments / The Ticker

JPMorgan settlement with FHFA imminent

WSJ: It could come as early as Friday afternoon

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JPMorgan Chase (JPM) is rumored to have reached a $4 billion settlement with the Federal Housing Finance Agency over legacy mortgage issues. Terms of the settlement could come as early as Friday afternoon, Seeking Alpha reports. The news publication added:

The rest of the settlement - supposedly $9B and with the DOJ on the other side of the table - awaits a final thumbs up from both parties.

Source: Seeking Alpha
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