JPMorgan and government set terms for $4 billion piece of $13 billion deal: WSJ

and U.S. govt officers have agreed on phrases of a $four billion consumer reduction bundle that is to be a part of a $13 billion deal to settle the financial institution's legal responsibility to government businesses over mortgage securities, the Wall Street Journal mentioned on Monday. The $four billion component of the deal would pay for write-downs of loan loans, demolition in blighted areas and lower monthly payments for house owners, according to the record, which noted people accustomed to the subject.