Trump's war on veterans targets program to help them keep their homes
The Department of Veterans Affairs is ending a program that has helped over 17,000 veterans attain homeownership. It is just the latest in a series of attacks and slights against veterans from President Donald Trump.
The VA announced on Thursday that it was putting an end to the Veterans Affairs Servicing Purchase Program. The program purchases defaulted mortgage loans for veterans facing financial hardship and then offers them as direct loans with a fixed 2.5% interest rate.
“Beginning May 1, 2025, VA's Veterans Affairs Servicing Purchase Program [VASP] ... will stop accepting new enrollees,” the VA said in a statement to NPR. “This change is necessary because VA is not set up or intended to be a mortgage loan restructuring service.”
Experts say this will create a crisis for veterans and their families.
“Halting the VASP program will increase the number of veterans facing foreclosure unless the VA and Congress implement a permanent partial claim option as soon as possible,” said Bob Broeksmit, president and CEO of the Mortgage Bankers Association, in a statement.
https://www.dailykos.com/stories/2025/4/4/2314520/-Trump-s-war-on-veterans-targets-program-to-help-them-keep-their-homes
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