The Department of Veterans Affairs (VA) has extended the foreclosure moratorium on VA-backed home loans through December 31, 2024, with targeted exceptions. This extension, announced on May 29, 2024, aims to provide relief to servicemembers, veterans, and their families facing rising interest rates and increased homeownership costs. The moratorium, initially set to expire at the end of the week, will allow servicers time to implement the Veterans Affairs Servicing Purchase program. House VA Committee Chairman Rep. Bost acknowledged the extension as an important safety step but stressed the need for a permanent solution to protect the integrity of the VA loan system and urged the VA to put election year politics aside.
The Department of Veterans Affairs has "strongly encourage[d]" loan servicers to implement a foreclosure moratorium on VA loans through December 31st, 2024. The current freeze was set to expire tomorrow, but more time is needed to roll out a new last-resort foreclosure… https://t.co/uIlGwNbPXa
V.A. extends foreclosure moratorium through December 31: The V.A. issued guidance to strongly encourage servicers to extend the moratorium while they implement a program to help struggling veterans. https://t.co/DrTNrKuJIC
🚨 In a statement, House VA Committee Chairman @RepBost said the foreclosure extension is an important safety step but “it does not solve the long-term problem.” “VA must put election year politics aside and find a permanent solution so that we do not jeopardize the integrity of…
The @DeptVetAffairs has extended foreclosure protections for VA-guaranteed loans through December 31, 2024. With targeted exceptions, the moratorium will bridge the gap while servicers implement the Veterans Affairs Servicing Purchase program. Learn more. https://t.co/wueBUx7AFu
As rising interest rates increase the cost of homeownership for many servicemembers, veterans, and their families, the @DeptVetAffairs has announced a halt on foreclosures for VA-guaranteed loans through December 31, 2024. https://t.co/T0LPIMJzV2
A moratorium on foreclosures of VA-backed home loans is set to expire at the end of the week. https://t.co/QpxQZG8W5L