"Proposed Legislation Aims to Protect Veterans from Foreclosure on VA Loans"
Lawmakers are pressing the Department of Veterans Affairs to address a crisis that has left thousands of veterans at risk of losing their homes. The VA abruptly ended a crucial part of its COVID mortgage forbearance program, leaving many veterans in a financial predicament. As a result, veterans are being pushed to pay all missed payments immediately or accept costly loan modifications. The VA has promised a new loan modification plan to help veterans, but lawmakers are seeking answers on how the VA plans to assist veterans who have already ended up with more expensive mortgages due to the VA's actions.