Thousands of veterans get help from Congress to save their homes from foreclosure
Source: NPR
July 16, 2025 8:24 PM ET
The Senate has passed a long-awaited fix for veterans designed to keep many from losing their homes, after a series of stumbles by the VA left thousands of veterans on the verge of foreclosure.
Members of Congress have scrambled to pass such a solution since May, when the Department of Veterans Affairs abruptly ended a Biden-era homeowner assistance program and left veterans with far worse options than most other Americans who never served.
Mortgage industry executives, veterans' groups, and housing advocates have been calling on Congress and the VA to come up with a replacement measure. Congress now appears to have done that, in a rare show of bipartisanship. To underscore that point, the leaders on the veterans' affairs committees from the House and Senate released a joint statement on the passage of the bill.
"This bipartisan and bicameral legislation will assist veterans who are facing financial hardships and provide VA with a tool to better help veterans stay in their homes and avoid foreclosure," said the statement, signed by Sens. Jerry Moran of Kansas, a Republican, and Richard Blumenthal of Connecticut, a Democrat. The letter was also signed by Republican Rep. Mike Bost of Illinois and Democratic Rep. Mark Takano of California.
Read more: https://www.npr.org/2025/07/16/g-s1-77971/veterans-help-congress-va-foreclosure
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If a Veteran of the armed forces defaults on their VA loan then the US government pays for the lenders losses. So why not just pay to catch up the loan for less and we have less homeless veterans.
