JPMorgan Chase Reveals New Programs After Military Mortgage Blunder

Mortgages for the Military

Hood (Killeen), Texas Naval Station Norfolk (Norfolk), Virginia Ft. Bragg/Pope Air Force Base (Fayetteville), North Carolina Camp Lejeune (Jacksonville), North Carolina Ft. Campbell (Clarksville, TN), Kentucky These Homeownership Centers will be staffed with employees specifically trained in SCRA, military issues and Chase special military programs. Jobs, Education and Training JPMorgan Chase will form an alliance along with other major corporate employers,which will commit to hire 100,000 military personnel and veterans in total over the next ten years. They willannounce full details of the job offers in the coming weeks.As a further measure, Chase will require all of its vendors to disclose its military hiring practices and will make contract decisions in part based on how strong those programs are. Through collaboration with Syracuse University, JPMorgan Chase will now offer a Technology Education certificate exclusively for veterans to prepare them for technology careers.
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Houses Returned The lender has agreed to return houses that have been improperly foreclosed upon and not yet sold and to pay fair market value for those already auctioned off, according to the filing. It also will forgive any remaining mortgage debt of military borrowers who were protected by the law and mistakenly foreclosed upon. Finally, the company agreed to pay $8 million in legal fees for Rowles and other affected military personal who sued over the mishandled mortgages, according to court filings. Seymour approved both the settlement and the legal-fee request after a two-hour hearing yesterday.
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JPMorgan Chase scolded for military mortgage mistakes

He pointed out that Chase seemed to have no problem creating a veteran home loan 63-page document “to calculate interest to the exact penny,” but then claimed to not be able to understand a military order. “Are you going to stick to this that you couldn’t read this? That is a standard military order… that any 17-year-old kid can read,” he said.
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JPMorgan Settlement Over Military Families’ Mortgages Approved

With a 5% down payment, these fees drop to 1.5% and 1.75%, respectively. Even though the VA allows you to finance the fee amount over the lifetime of the loan, these fees offset many of the benefits of VA loans. What to do If you’re a veteran or currently serving in the military, consider all your options. It may be that a VA loan gives you the best combination of flexibility and savings. On the other hand, a motivated mortgage broker or bank loan officer might find you other programs that have better features. Depending on your particular situation, you may qualify for better rates and terms from other loan programs, such as those that Fannie Mae (NYSE: FNM ) and Freddie Mac (NYSE: FRE ) offer. In addition, your state may have first-time homebuyer programs that provide similar benefits.
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NEW: Low-income housing for seniors coming to Venice

Officials tried to buy his church several times, though the pastor refused.

“It’s awful to go back on their agreement just because they saw something that they wanted,” Mitchell said. “I don’t care if (the former residents) were white, black or whatever, you just don’t treat people like that.”

Regardless, phase one of Venetian Walk is well under way.

Since January, 201 Grove St. N. has been buzzing with activity. All four floors have been completed, and a roof will drape the building in about a month.

Brooks and Freund, the construction company tasked with completing the $8 million project, hoped to have the apartments finished by January 2014, but delays caused by wet weather have pushed the grand opening to February or March.

“January is still the target completion date,” said Tom Karr, the project’s superintendent, “but the rain has been a challenge.”

Once residents get the green light to move in, they will find units that look more like hotel rooms than government housing.

The 53 one-bedroom units and eight two-bedroom units are ADA accessible and feature nurse-calling buttons.

Every apartment has a screened lanai or a sun room.
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CPP needs more Hud Reverse Mortgage than a ‘modest’ fix to help middle-income retirees

MICHAEL WOLFSON Wednesday, Jul. 17 2013, 12:13 PM EDT Last updated AA Federal Finance Minister Jim Flaherty and his provincial counterparts, last December, agreed to consider options for a modest expansion of the Canada and Quebec Pension Plans in June, 2013. June has come and gone without this meeting. If and when a meeting does occur, it will likely be behind closed doors, and Canadians will not know what kinds of modest expansion options are being discussed. However, if the rare tea leaves provided by finance ministers are any guide, Canadians nearing retirement shouldnt hold out much hope that these reforms will save the day. More Related to this Story Former Trentonworks Railcar Plant employee Ernie MacInnis at his home with his grand-daughter Margie Ann in Trenton, Nova Scotia.
Read the rest here: CPP needs more than a ‘modest’ fix to help middle-income retirees

The 10 Best Hotels In The World

To compile these awards, the magazine asked its readers to vote on the best hotels they’ve traveled to, factoring in everything from rooms and food to service and location. This year, Botswana’s Mombo Camp and Little Mombo Camp took the top spot, ousting last year’s winner, Tanzania’s Singita Grumeti Reserves. #10: Singita Sabi Sand, Kruger National Park Area, South Africa Score: 95.64
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Houston Rockets 112, Sacramento Kings 102: The Power Forward saga continues.

Jeby says 3 months ago One more game like that from T. Jones, and the Rockets will have a new starting 4 (again). He has a lot of Josh Smith in his game, but with better shot selection. Motiejunas has continued ar factoring for information technology bringing poor shooting and nothing else to the floor, other than the occasional post move. Sir Thursday says 3 months ago Anderson hasn’t been fitting into the offense all that well, but the early indications are that he provides more of a rebounding presence than Garcia.
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Tata Communications launches jamvee apps

It’s so easy to use, instant and affordable. It’s what enterprises have been asking for. ” The jamvee software application supports Windows, Mac OSX, and iOS devices – with Android support following in August 2013. Users of Microsoft Lync and other video conferencing software, as well as those with access to standard video conferencing systems such as immersive Telepresence, can also meet using jamvee.
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