JPMorgan Chase to pay $614M over mortgage lending

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By LARRY NEUMEISTER Published: February 5, 2014

NEW YORK — The nation’s largest bank, JPMorgan Chase & Co., will pay $614 million and improve mortgage lending practices under a deal announced Tuesday to settle claims it approved thousands of unqualified home mortgage loans for government insurance and refinancing since 2002, costing the government millions when the loans defaulted.

U.S. District Judge...
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