Tag: Homeowners
Wells Fargo issuing VA fee refunds in wake of lawsuit
Written by Federal Title on .
As a result of a $10 million settlement in a class action lawsuit filed in the U.S. District Court of Atlanta, Georgia, Wells Fargo will issue refunds of $175 to approximately 60,000 military members and veterans who refinanced VA loans through...
JPMorgan Chase introduces new, enhanced programs to assist military
Written by Federal Title on .
On February 15, 2011, JPMorgan Chase* announced new and enhanced programs designed to assist its military and veteran customers in the wake of recent stories of unlawful foreclosures and failure to adhere to guidelines under the Servicemembers...
Bank of America establishing new program to assist military homeowners
Written by Federal Title on .
In light of recent news stories about JPMorgan Chase and Deutsch Bank being found in violation of military homeowners’ rights under the Soldiers and Sailors Civil Relief Act (“SCRA”), on February 10, 2011, Larry DiRita, a spokesman for Bank...
Lenders under scrutiny for overcharging troops on their mortgages
Written by Federal Title on .
Under the Service-members Civil Relief Act, rights are given to individuals who take out a mortgage loan before prior to the date of mobilization of a National Guard or Reservist or prior to when an active-duty service member joins the military.
The...