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VA Buying Mortgages to Stop Foreclosures, Drawing Concern of Overreach

The moves came days after a National Public Radio article reported that thousands of VA loan borrowers risked losing their homes after the COVID forbearance.
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VA Buying Mortgages to Stop Foreclosures, Drawing Concern of Overreach
Sign in front of a home for sale in Stockton, Calif. on April 29, 2008. Justin Sullivan/Getty Images
Mark Gilman
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The Veterans Administration (VA) says it has helped 145,000 veterans stay in their homes over the past year and avoid foreclosures.

On the back of that success, the VA is doubling down and calling on mortgage companies to pause future foreclosures of VA-guaranteed loans through May 31, 2024.

Mark Gilman
Mark Gilman
Author
Mark Gilman is a media veteran, having written for a number of national publications and for 18 years served as radio talk show host. The Navy veteran has also been involved in handling communications for numerous political campaigns and as a spokesman for large tech and communications companies.
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