[JURIST] The Federal Housing Finance Agency (FHFA) [official website], acting in its capacity as conservator for Freddie Mac and Fannie Mae [corporate websites], on Friday announced a $5.1 billion settlement with JPMorgan Chase & Co. [corporate website]. The FHFA alleged [complaint, PDF] that JPMorgan misrepresented the quality of the sub-prime mortgages and mortgage securities sold to Fannie Mae and Freddie Mac, which resulted in several billion dollars' worth of damages when the housing bubble collapsed in 2008. JPMorgan settled [press...

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