The Federal Housing Finance Agency reportedly secured another large settlement with a mega bank over legacy mortgage issues – this time, a $4 billion deal with JPMorgan Chase & Co. (JPM). The case revolves around claims that JPM misrepresented the quality of loans it sold off to Fannie Mae and Freddie Mac.

The mega bank reportedly entered into a tentative $4 billion agreement to settle the issue, the Wall Street Journal reported Friday. The paper says the FHFA actually sought $6 billion.

Spokerspersons for FHFA and JPMorgan Chase declined to comment.

Back in 2011, more than a dozen banks – including Bank of America (BAC), Citigroup (C) and JPMorgan Chase – were named defendants in numerous lawsuits that accused the mega banks of selling mortgage-backed securities backed by toxic loans to the GSEs.

The conservator for the GSEs settled with UBS Americas for nearly $1 billion over the summer, with UBS agreeing to pay FHFA $885 million.

Not long after the UBS suit, analysts with Morgan Stanley speculated that Bank of America may settle with the Federal Housing Finance Agency for anywhere between $2 billion to $3.6 billion.

3d rendering of a row of luxury townhouses along a street

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