Trump's VA killed a home loan program. Vets are now losing their homes because of it

Guno צְבִי

We fight, We win, Am Yisrael Chai
More than 10,000 veterans lost their homes to foreclosure since May of last year, when the Trump administration shut down a key safety net in the VA home loan program, according to the latest industry data. That is the highest pace of foreclosures for VA loans in a decade.

Another 90,000 vets are heading toward foreclosure. This comes after a years-long debacle inside the Department of Veterans Affairs has whiplashed thousands of vets between various enacted and canceled programs and left many of them on the brink of losing their homes — often through no fault of their own.

 
"The roots of the crisis go back to a mistake made during the Biden administration, when the VA abruptly shut down a pandemic assistance program while thousands of vets were still in the middle of it. Struggling homeowners who used the program to skip some mortgage payments suddenly had to pay those payments back all at once — an unaffordable burden for many of them. After an NPR investigation exposed the problem, the VA halted foreclosures for a year while it rolled out a fix."
 
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