US Will Buy Veterans’ Missed Mortgage Payments From Lenders to Halt Foreclosures
- VA says lenders shouldn’t take action before consulting agency
- Plan creates ‘realistic path’ for saving homes, attorney says
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The US is once again purchasing missed mortgage payments from lenders, reopening a popular solution to fend off foreclosures on veterans who own homes, according to the latest guidance from the Department of Veterans Affairs.
The changes will help address a spike in foreclosure actions against former members of the military who used a federal Covid-19 mortgage-forbearance program.