WASHINGTON (Reuters) - JPMorgan Chase (N:JPM) will pay $50 million as part of a national settlement agreement to compensate homeowners in bankruptcy over the use of robo-signing and other improper practices, the Department of Justice said on Tuesday.
JP Morgan Chase & Co sign outside headquarters in New York" alt="© Reuters. JP Morgan Chase & Co sign outside headquarters in New York" rel="external-image">
The settlement includes cash payments, mortgage loan credits and loan forgiveness to more than 25,000 homeowners, the Justice Department said in a statement.