The settlement represents another significant step in the Firm's efforts to put historical mortgage-related issues behind it. Under the settlement, JPMorgan Chase will pay $614 million in cash and agree to enhance its quality control program for loans that are submitted in the future to FHA's Direct Endorsement Lender program. This settlement also releases the Firm from False Claims Act, FIRREA and other civil and administrative liability for FHA and VA insurance claims that have been paid to JPMorgan Chase since 2002 through the date of the settlement. The company believes it is fully reserved for the settlement, and any financial impact related to exposure on future claims is not expected to be significant, according to JPMorgan Chase & Co.