Bank Opens Homeownership Centers in Military Communities

JPMorgan Chase & Co. has opened a counseling center for distressed homeowners outside of Fort Bragg, N.C., one of six homeownership centers the banking giant plans to open in a defense community.

Counselors at the centers — staffed by veterans or military spouses — will work with homeowners to prevent foreclosures, reported the Fayetteville Observer. Chase plans to open another homeownership center tailored for service members in North Carolina — outside of Marine Corps Base Camp Lejeune in Jacksonville.

Soon, Chase will have a total of 84 centers open across the country for all borrowers carrying the bank’s home loans. Since 2009, Chase and other banks have been criticized for not adequately helping homeowners lower their mortgage payments as part of the government’s foreclosure prevention efforts.

Dan Cohen
Dan Cohen
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