BUSINESS
11/18/2013 04:57 pm ET Updated Jan 25, 2014

JPMorgan, U.S. Reach Agreement On $4 Billion Deal

Bloomberg via Getty Images

NEW YORK, Nov 18 (Reuters) - JPMorgan Chase & Co and U.S. government officials have agreed on terms of a $4 billion consumer relief package that is to be part of a $13 billion deal to settle the bank's liability to government agencies over mortgage securities, the Wall Street Journal said on Monday.

The $4 billion portion of the deal would pay for write-downs of mortgage loans, demolition in blighted areas and lower monthly payments for homeowners, according to the report, which cited people familiar with the matter.

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