Federal Housing Finance Agency

JP Morgan Chase CEO Jamie Dimon Testifies at a House Financial Services Hearing on June 19, 2012. (Getty Images)

JPMorgan Paying $5.1 Billion In Fannie, Freddie Deal

JPMorgan Chase has agreed to pay $5.1 billion to resolve claims that it misled Fannie Mae and Freddie Mac about risky home loans and mortgage securities it sold them before the housing market collapsed.


A federal report states that government oversight on Fannie Mae and Freddie Mac salaries is "inadequate." (Photo by Chip Somodevilla/Getty Images)

Fed Report: ‘Inadequate’ Government Oversight On Fannie, Freddie

A government report finds median pay for nearly 2,000 senior managers at Fannie Mae and Freddie Mac exceeded $200,000 last year.