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JP Morgan Chase overcharged troops and improperly foreclosed on homes

This is a discussion on JP Morgan Chase overcharged troops and improperly foreclosed on homes within the U.S. Military Services & Veterans forums, part of the Protect & Serve category; "One of the nation's biggest banks, JP Morgan Chase, admits it has overcharged several thousand military families for their mortgages, including families of troops fighting ...

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Old 01-17-2011, 06:39 PM   #1
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JP Morgan Chase overcharged troops and improperly foreclosed on homes

"One of the nation's biggest banks, JP Morgan Chase, admits it has overcharged several thousand military families for their mortgages, including families of troops fighting in Afghanistan. The bank also says it improperly foreclosed on more than a dozen homes belonging to military families."

Chase overcharged troops on mortgages - msnbc.com
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Old 01-17-2011, 06:59 PM   #2
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If they did that while i was deployed i couldn't wait to get back roll in my money.....scumbags
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Old 01-17-2011, 07:24 PM   #3
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sucks that it happened...but they owned up to the mistake and mailing our 2mil in refunds....
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Old 01-18-2011, 04:59 PM   #4
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Banks don't care who they foreclose on, if you think so you've got way too much faith in your fellow man.
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Old 01-18-2011, 07:15 PM   #5
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Seeing how the national average for days past due before the forclosure sale is pushing 500 days....I don't feel bad for people that are going to valid legitimate foclsure sales....seeing a bank publically admit and error, owning up to it and mailing out 2mil in refunds...it's a stand up move. The housing bubble burst is not soley on the banks for blame...deregulation of the mortgage industry and the goverment pushing more and more banks to lend to unqualified borrowers under the community reinvestment act created much of the problem.
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