HUD Secretary Donovan Releases Statement on Settlement With JP Morgan
Statement
Issues: Housing and Property
Following today's announcement by the Department of Justice on reaching a settlement with JP Morgan, HUD Secretary Shaun Donovan released the following statement:
"I'm proud to have worked with Attorney General Holder in negotiating a settlement with JP Morgan that will help Americans stay in their homes. President Obama's Mortgage Backed Securities Task Force was created to hold banks accountable for actions that led to the housing crisis and today was another important step in that process. This agreement ensures that accountability includes assistance to American consumers and communities hardest hit by the housing crisis by providing $4 billion in relief that could benefit more than 100,000 borrowers."
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