JPMorgan Chase & Co. has resolved the last obstacles to a record $13 billion settlement of civil state and U.S. probes over the sale of mortgage bonds, clearing the way for a deal today after months of negotiations, two people briefed on the matter said.
JPMorgan Chase & Co. agreed to drop litigation against the Federal Deposit Insurance Corp. over some mortgage bonds sold by Washington Mutual Inc., clearing the way for a $9 billion accord with state and federal officials, two people briefed on the matter said.
White House budget director Sylvia Mathews Burwell learned her management skills from some of the masters: former President Bill Clinton, Microsoft Corp. Chairman Bill Gates, and onetime Treasury Secretary Robert Rubin.
President Barack Obama urged his most loyal supporters to promote the benefits of his health-care law, as his White House works to stem the political damage caused by weeks of technical failures and criticism.
Housing and Urban Development Secretary Shaun Donovan said in an interview for Bloomberg Television’s “Political Capital with Al Hunt ,” airing this weekend, that it’s too early to “declare victory” even as the housing market shows progress two years after the credit crunch drove down home prices.
When the largest U.S. banks agreed to pay $25 billion last year to settle claims of abusive foreclosure practices, they promised to stop seizing homes from borrowers who had completed applications for mortgage help.