JPMorgan Pays $48 Million to Close Regulatory Order on Mortgage Servicing

Wall Street Journal, Jan. 5, 2015–Glazer, Emily

The Office of the Comptroller of the Currency said J.P. Morgan Chase & Co. would pay a $48 million civil penalty to end a regulatory order against the bank related to mortgage-servicing matters. EverBank, a Jacksonville, Fla., lender, also is exiting a so-called consent order with the OCC, paying $1 million as a civil money penalty to the bank regulator.