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JPMorgan Chase Agrees To Pay $5.1 Billion To Feds

JPMorgan Chase agreed pay $5.1 billion to settle litigation over mortgage assets sold during the housing bubble. The deal, announced late Friday afternoon, is to resolve claims the company misled Fannie Mae and Freddie Mac before the housing market crashed. It is part of a tentative $13 billion deal the company is trying to reach with federal and state agencies over its mortgage liabilities.

Copyright 2013 NPR

Melissa Block is a 28-year veteran of NPR and has been hosting All Things Considered since 2003, after nearly a decade as an NPR correspondent. Frequently reporting from communities in the center of the news, Block was in Chengdu, China, preparing for a weeklong broadcast when a massive earthquake struck the region in May 2008. Immediately following the quake, Block, along with co-host Robert Siegel and their production team, traveled throughout Sichuan province to report extensively on the destruction and relief efforts. Their riveting coverage aired across all of NPR's programs and was carried on major news organizations around the world. In addition, the reporting was recognized with the industry's top honors including a Peabody Award, a duPont-Columbia Award, a National Headliner Award and the Society of Professional Journalists' Sigma Delta Chi Award.
Melissa Block
As special correspondent and guest host of NPR's news programs, Melissa Block brings her signature combination of warmth and incisive reporting. Her work over the decades has earned her journalism's highest honors, and has made her one of NPR's most familiar and beloved voices.