VA Expands Forbearance in the Gulf
Veterans in Gulf Coast states may qualify for delayed payments if the Department of Veterans Affairs (VA) already guarantees their mortgages.
The VA is asking all mortgage companies to waive late payments and suspend negative reporting to credit bureaus on borrowers affected by the oil spill who are out of work.
VA has information on its Web site. Veterans in need of mortgage counseling may also contact their nearest VA regional loan center at (877) 827-3702 for help and information, regardless of whether or not they have a VA home loan.
Source: U.S. Department of Veterans Affairs (08/20/2010)
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