JPMorgan and govt set terms for $4 bln piece of $13 bln deal -WSJ

NEW YORK, Nov 18 (Reuters) - JPMorgan Chase & Co and U.S. government officials have agreed on terms of a $4 billion consumer relief package that is to be part of a $13 billion deal to settle the bank's liability to government agencies over mortgage securities, the Wall Street Journal said on Monday.

The $4 billion portion of the deal would pay for write-downs of mortgage loans, demolition in blighted areas and lower monthly payments for homeowners, according to the report, which cited people familiar with the matter.