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February 4, 2011

20,000 Vets and Military Personnel Lose Homes in Foreclosure Crisis 
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USA Today is reporting more than 20,000 veterans, active-duty troops and
reservists who took out special government-backed mortgages lost their
homes last year—the highest number since 2003. The housing crisis
has hit military families particularly hard in part because of transfers
and the loss of civilian jobs left behind by reservists. Late last year,
JPMorgan Chase was forced by a lawsuit to admit that it has been
overcharging thousands of military families for their mortgages and had
improperly foreclosed on more than a dozen such families.



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