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News Articles: VA Loan

Edmund Garcia, an Iraq War veteran, stands outside his home in Rosharon, Texas. Like many vets, he was told if he took a mortgage forbearance, his monthly payments wouldn't go up afterward.

The VA has its fix for a home loan debacle, but many vets who got hurt won't get help

The VA halted foreclosures after an NPR investigation found thousands of vets were facing foreclosure and it wasn't their fault. Now the VA's unveiling a rescue plan that leaves some out in the cold.

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By:
  • Chris Arnold and
  • Quil Lawrence
Former Marine Jason Miles stands in front of his home in Clinton, Miss. He lost a sales job during the pandemic and had to take a mortgage forbearance.

Lawmakers move to help veterans at risk of losing their homes

Senators are introducing a bill to help thousands of veterans who, through no fault of their own, were left facing foreclosure when a VA COVID-assistance program ended abruptly.

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By:
  • Chris Arnold and
  • Quil Lawrence
Marine Corps veteran Ed O'Connor is seen outside his home in Fredericksburg, Va. He is among tens of thousands of veterans who took a COVID forbearance on a VA home loan. But the VA's program ended abruptly in October of 2022 and many veterans were asked to either pay all the missed payments or face foreclosure.

Veterans fear the VA's new foreclosure rescue plan won't help them

A pause in foreclosures after an NPR investigation may be of no help to many vets. They were already pushed into costly loan modifications after a move by the VA stranded them in a tough spot.

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By:
  • Chris Arnold and
  • Quil Lawrence