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Loan Modification
: Mortgage Lender Implode-o-MeterJPMorgan Apologizes For Overcharging 4,500 Soldiers and Foreclosure on 18 of Them
By Implode-Explode Heavy Industries
"Stephanie Mudick is testifying before the House Veterans' Affairs Committee today. It will not be a pleasant experience. Mudick is the head of Consumer Practices at JPMorgan Chase & Co., which broke the law. And not just any law.
The giant financial institution failed to comply with the Servicemembers Civil Relief Act, which provides active duty soldiers, who purchased a home prior to the start of their active duty, a 6 percent cap on their mortgage interest rate and any other fees while they are on active duty and for a year following their active duty."
Full post as published by Mortgage Lender Implode-o-Meter on February 09, 2011 (boomark / email).
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