Mortgage Servicing Fraud
occurs post loan origination when mortgage servicers use false statements and book-keeping entries, fabricated assignments, forged signatures and utter counterfeit intangible Notes to take a homeowner's property and equity.
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arkygirl
How many "mistakes" can be allowed? If Chase has screwed up this many military loans, how many civilian loans have "mistakes"? When do people finally call BS on the "mistakes" excuse and call it what it is-thievery and greed, gross incompetence and shut this sorry bank (and others) down? Too big to fail, but also too big to do anything properly.

So, now military families are elevated to a dedicated team. Guess the rest of the world can go hang for Chase's "mistakes". The "dedicated team" will make sure that no more military "mistakes" are brought to the attention of the government who might one day begin to ask about Chase's fitness to be a bank in the first place!

"A Chase official tells NBC News that 4,000 U.S. service members may have been illegally overcharged on their mortgages and that as many as 14 military families were wrongly foreclosed on."

Wonder how Chase will make those 14 foreclosed military families whole? Send them $500.00 and a note that says "Oops, is our face red. We made a "mistake". Here's your pittance for us destroying your life, destroying your credit score and embarrassing you within your military family."? Foreclosure can damage a military career and I can only wonder if that happened to the unfortunate 14 families.

Video and story here :

http://dailybail.com/home/its-been-a-living-nightmare-jpmorgan-admits-to-illegally-ove.html

Chase's statement (notice the liberal use of "mistakes") :

Below is a statement to NBC News from a JP Morgan Chase & Co. representative in response to a report about foreclosing on the homes of military families:


We made mistakes here and we are fixing them. There is no finer group of people than the men and women in the armed services who fight to protect our country every day. We are deeply appreciative of those who fight to protect our country and Chase funds a number of programs that provide benefits to military personnel and veterans — and while any customer mistake is regrettable, we feel particularly badly about the mistakes we made here. Starting several months ago, we commenced a review of our servicing of home loans to military personnel to ensure that we are addressing any and all problems. Beginning this week, we will be mailing a total of approximately $2 million in refunds to those who may have paid more than required. We now have a dedicated team in place devoted to servicing home loans for military personnel — the members of our military deserve nothing less. We welcome the opportunity to talk to Captain Rowles and others who would like to discuss their accounts.

We feel like we try to do a lot for military families and veterans, so it’s particularly painful to have made mistakes with them in our core business.


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Stephen

"Mistakes, my arse"!!  Military families are easy prey for mortgage fraud.  There should be treble damages paid to the victims for these "Mistakes".

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This is such a disgrace.  If anyone believes that Chase made a mistake, then they need to wise up.  They intentionally spit in the faces of our service men and women.  Spouses of our military members should not have been abused the way they were.  Do they think people are so dumb that we can't figure out that $500 is just a slap in the face.  Why don't the top execs take their bonus money and make this right?   I know the answer, just plain GREED.  America is the land of shame compliments of the bankers and their cronies.  God help America.  God Bless our Troops.    

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Sara
Well, it looks like our military can force Chase to admit to wrongdoing for the 14 families involved.  I wonder what kind of tactics they used??? 

If the military can force a bank to admit to the "mistake", maybe we can get them to teach our elected officials some lessons.

S
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Josh_F
It's sad to say that many of our soldiers are not getting enough benefits that they should obtain. However, one great thing about joining the military is that you get a signing bonus. Unfortunately, that bonus does not show up right away. You still have to pay the bills until then, and you also can get help. Good thing Military loans can help you pay for your finances until the bonus comes through, and then you can pay it back with a small fee.
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Justin
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It's sad to say that many of our soldiers are not getting enough benefits that they should obtain. However, one great thing about joining the military is that you get a signing bonus. Unfortunately, that bonus does not show up right away. You still have to pay the bills until then, and you also can get help. Good thing Military loans can help you pay for your finances until the bonus comes through, and then you can pay it back with a small fee.


It is disgraceful that scam artists use this Forum to promote predatory lending schemes to defraud those serving our country. This is an even worse affront that Mike H.'s continuing fraudulent posts. Sharon seems to have brought a variety of other scam artists to the Forum with her.
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