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

Terms Set On Slice Of JPMorgan's $13 Billion Deal
A man walks past the Twitter Inc. logo displayed in the lobby of JPMorgan Chase & Co. headquarters in New York, U.S., on Friday, Oct. 25, 2013. Twitter Inc. will make the case to potential investors in its initial public offering that it needs to keep spending to grow, and profit will come once it can reap the benefits of those investments. Photographer: Scott Eells/Bloomberg via Getty Images
A man walks past the Twitter Inc. logo displayed in the lobby of JPMorgan Chase & Co. headquarters in New York, U.S., on Friday, Oct. 25, 2013. Twitter Inc. will make the case to potential investors in its initial public offering that it needs to keep spending to grow, and profit will come once it can reap the benefits of those investments. Photographer: Scott Eells/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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