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problems will completely vanish.
• ___

• STAFFORD TOWNSHIP, N.J. (AP) -- The Jersey shore's small vacation bungalows and cottages have for decades staked out little plots of paradise where families who scrimped and saved could while away summer evenings, parents having drinks on the deck and kids working the ice cream stand or stealing a first kiss under the boardwalk.
• Now, nearly a year after Superstorm Sandy blasted through, countless middle-class families whose tiny vacation homes were once the place to make precious memories are finding them to be a financial albatross.
• While billions of dollars in federal relief have helped primary homeowners rebuild after the storm, second homeowners find themselves stuck in limbo: not eligible for enough money to rebuild or even demolish their homes while they remain on the hook for mortgage payments and fatter flood insurance fees for houses they can't even use.
• "We thought we were good for the community, and to suddenly be labeled this second homeowner like it was a derogatory statement, it was like a smack in the face," said Benita Kiernan, a retired nurse who with her retired New York City firefighter husband sank every spare cent into a small cottage on an inlet in Stafford Township.
• "We became the scarlet-S second homeowners."
• ___

• WASHINGTON (AP) -- The $5.1 billion that JPMorgan Chase has agreed to pay hardly ends its legal troubles over mortgage securities it sold.
• It's merely a down payment.
• JPMorgan still faces heavy financial burdens. The bank has set aside $23 billion to cover legal costs -- and it may need it all.
• In a statement Friday night, JPMorgan called its latest settlement an "important step" toward resolving allegations over mortgage-backed securities it sold. The $5.1 billion would resolve federal claims that it misled Fannie Mae and Freddie Mac

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