.............." We're delighted that Congress has fixed this inequity," said Bob Broeksmit, president of the Mortgage Bankers Association.
"Veterans were just about the only type of mortgage borrower in this country that did not have this loss mitigation option… it's a proven method that will help thousands of veterans," Broeksmit said.
The bipartisan statement from Congress urged the VA and mortgage servicers to help veterans stay in their homes while the VA sets up the new program. Some in Congress have called on the VA to explicitly ask mortgage companies to pause foreclosures in the meantime.
Sponsor Message
The VA did not immediately respond to NPR about whether it will ask mortgage companies for a foreclosure moratorium and how long it will take to implement the new program, but press secretary Pete Kasperowicz said "We appreciate Congress's work on the VA Home Loan Program Reform Act, which VA will implement once President Trump signs it into law."
VA
Dept of Veterans Affairs
mortgage relief
VA loan foreclosure
Edit history
Please
sign in to view edit histories.
Recommendations
1 members have recommended this reply (displayed in chronological order):
= new reply since forum marked as read