SEATTLE, April 14, 2011 (BusinessWire) – Attorney Advertising. Keller Rohrback L.L.P. (http://www.krclassaction.com/) is currently investigating Bank of America Corp. (NYSE: BAC) and JPMorgan Chase & Co. (NYSE: JPM), including their subsidiaries, regarding alleged abuses related to violations of the Servicemembers Civil Relief Act (SCRA), the Real Estate Settlement Procedures Act (RESPA), and other claims. Specifically, the SCRA provides certain financial protections for military servicemembers who are on active duty or are deployed so that they can serve their country without being unduly distracted by their mortgage loan obligations.
Keller Rohrback’s investigation focuses on alleged mortgage loan servicing abuses that violate the SCRA by, among other things: overcharging for mortgages; setting interest rates above 6%; charging late fees; repeatedly requesting documentation of active duty status; repeatedly requesting that servicemembers re-apply for SCRA benefits; engaging in aggressive collection tactics; threatening to report an adverse credit status; and wrongfully foreclosing on active duty servicemembers’ homes. Keller Rohrback is also investigating mortgage loans issued to members of the military that are serviced by the following:
Aurora Loan Services IndyMac Mortgage Services
Downey Savings & Loan Litton Loan Servicing LP
EMC Mortgage Corp. Nationstar Mortgage LLC
Financial Freedom PennyMac
GMAC Mortgage, Inc. Saxon Mortgage Services Inc.
HSBC . SunTrust Mortgage, Inc
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