NOTE: LETS guess - they foudn this themselves right? NOT ON YOUR LIFE - the banks only address things brought to their attention notice the additional paragraph added. bolded for effect.
Errors affect thousands of military mortgages - Navy News | News from Afghanistan & Iraq - Navy Times: "JPMorgan Chase is issuing checks totaling $2 million to 4,000 service members after discovering overcharges and errors in their mortgages.
“We made mistakes, we deeply regret them, and are working to fix it in the hopes that this does not happen again,” said JPMorgan Chase spokeswoman Kristin Lemkau.
Fourteen service members were improperly forced into foreclosure. Chase has resolved 13 of cases and is working on the remaining one, Lemkau said.
The errors were made in the loans of service members who requested their rights under the Servicemembers’ Civil Relief Act, and came to light after a lawsuit was filed in federal court by a Marine fighter pilot.
The SCRA provides a number of protections to service members, including the right to require a bank to reduce interest rates to 6 percent on loans entered into before active-duty service or mobilization."
AND THIS from same article read the whole thing its is fascinating:
Lemkau said Chase officials were aware of some of problems with service members before the lawsuit, “but the full-on review intensified” afterward.
NOTE: IN OTHER WORDS THE BANK HAD NO INTENTION OF DOING ANYTHING.... THE LAWSUIT JUST ENCOURAGED THEM TO DO RIGHT!