Feb. 16, 2012
Washington, DC.
Va Participates in Settlement($25 billion)
with Mortgage Banks.
“VA will continue its oversight of lenders
and servicers to ensure that Veterans and
Servicemembers are able to enjoy the benefits
of VA’s home loan program, including access
to no-downpayment loans and assistance in
retaining their homes should they encounter
payment difficulties,” added Under Secretary
for Benefits Allison A. Hickey.
VA has always provided assistance to Veterans
and Servicemembers who experience trouble
paying their mortgage, whether they have a
VA loan or not. Depending on the situation,
VA’s loan specialists can intervene on a
Veteran’s behalf to help pursue home-retention
options such as repayment plans,
forbearances and loan modifications.
To get help, Veterans and Servicemembers –
even those without a VA guaranteed loan –
may call a national toll-free number,
1-877-827-3702 to speak with VA loan specialists
who will provide information about the process
of obtaining a VA-guaranteed home loan, or
assistance in retaining their home loan or
avoiding foreclosure.
See Full Details:
http://www.va.gov/opa/pressrel/pressrelease.cfm?id=2267
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