JPMorgan Chase appoints Roger Staubach to military mortgage board
JPMorgan Chase (JPM) appointed five members to its military and veterans affairs advisory council for designing mortgage programs and products for service members and their families. Among the appointees is Roger Staubach, a Navy veteran and former quarterback for the Dallas Cowboys from 1969 to 1979. Staubach also currently works with commercial real estate manger Jones Lang LaSalle. Gen. Stanley McChrystal, the former commander of the armed forces in Afghanistan, will also join the board. Veterans Leban Jackson, Brenda Hall and Col. Michael Canders will join them. "We are deeply honored to have these extraordinary leaders advising us," said Frank Bisignano, the CEO of Chase Home Lending. "People best suited to design programs for the military are leaders in the military. This group understands the emotional and financial hardships our military, veterans, and families endure during deployments and going on and off active duty." In January, Chase was found to be overcharging roughly 4,000 troops on their mortgage and even improperly foreclosed on 14 of the families. But the bank acted quickly, refunding the families for the fees and will give back the foreclosed homes. In February, the bank launched a variety of mortgage assistance programs for military personnel and said it would not foreclose on any one in active duty. "After all the military has done for us, we believe it is the responsibility of our firm to help manage these difficulties and transitions any way we can," Bisignano said. Write to Jon Prior. Follow him on Twitter @JonAPrior.