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Of the $4 billion settlement with HUD, at least $1.5 billion will go toward loans the bank is forgiving. As much as $500 million will go to change the terms of loans to lower monthly payments.
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Attorneys general in California ($299 million), Massachusetts ($34 million) and Delaware ($20 million) also took home a share of the settlement. That leaves $4 billion in the overall $13 billion deal. The Justice Department, which led negotiations with the bank, earmarked the final sum to help struggling homeowners in hard hit areas like Detroit.
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The settlement, which Disney officials called the "largest proposal. Union officials said the pay increase will bring an estimated $1 billion worth of new income to the Central Florida economy.
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Under the settlement, the Sacklers would wash their hands of Purdue, putting up $3 billion of the family’s estimated $13 billion fortune and turning Purdue into a trust, with profits from OxyContin.
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JP Morgan Chase, feds agree to $13 billion settlement. As part of the $6 billion to investors, $4 billion will resolve government claims that JPMorgan misled mortgage finance giants Fannie Mae and Freddie Mac about risky mortgage securities the bank sold them before the housing market crashed. That part of the deal was announced on Oct. 25.
JPMorgan Chase has (finally) reached a $13. $4 billion is to go to help homeowners struggling with their mortgages. The exact contours of how that money will be used will be a matter of some focus.
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