US Asks Mortgage Firms to Pause Veterans’ Foreclosures Until May
- Request comes with 6,000 nationwide in danger of losing homes
- Temporary halt would give officials time to start aid program
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The US Department of Veterans Affairs has asked mortgage servicers to halt foreclosures on veterans through May 2024.
The half-year pause will give the government time to roll out a new program, announced by the White House in October, that will help veterans who are behind on mortgage payments but “who do not qualify for traditional home retention options.”