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They were allowed to defer payments, placing those at the end of the “queue” of payments. Then the program was cancelled before the extended terms of the loans.
by lcnPylGDnU4H9OF 3y ago
They were allowed to defer payments, placing those at the end of the “queue” of payments. Then the program was cancelled before the extended terms of the loans.
> In October 2022, the Department of Veterans Affairs ended the so-called Partial Claim Payment program, or PCP, that enabled homeowners to do that. This happened even though the mortgage industry, housing advocates and veterans groups all warned the VA not to end the program, saying thousands of homeowners needed to catch up on missed payments. Interest rates had risen so much that many couldn't afford to refinance or get back on track any other way.
- horrible-hilde 3y agostupid question: can they backpedal end of the program and fix this? We need to keep as many people “housed” as possible. can we use our defense budget for it? Sounds like America is safer if vets have homes, or else why the hell would anyone join the military.