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bigtree

(94,359 posts)
Thu Apr 2, 2026, 02:42 PM Apr 2

Trump's VA killed Biden's home loan program and 10k lost their homes. 90k more veterans are now threatened because of it [View all]

Grant Stern @grantstern · 3h
Donald Trump cares so much about our troops that he foreclosed 10,000 military families out of their homes to save the federal government a little money. Why? Because Joe Biden made a plan to help them but Trump shut it down.

https://www.npr.org/2026/04/02/nx-s1-5750814/veterans-mortgages-foreclosure-va-rescue




___More than 10,000 veterans lost their homes to foreclosure since May of last year, when the Trump administration shut down a key safety net in the VA home loan program, according to the latest industry data. That is the highest pace of foreclosures for VA loans in a decade.

Another 90,000 vets are heading toward foreclosure. This comes after a years-long debacle inside the Department of Veterans Affairs has whiplashed thousands of vets between various enacted and canceled programs and left many of them on the brink of losing their homes — often through no fault of their own.

The roots of the crisis go back to a mistake made during the Biden administration, when the VA abruptly shut down a pandemic assistance program while thousands of vets were still in the middle of it. Struggling homeowners who used the program to skip some mortgage payments suddenly had to pay those payments back all at once — an unaffordable burden for many of them. After an NPR investigation exposed the problem, the VA halted foreclosures for a year while it rolled out a fix.

Republicans in Congress, citing costs, wanted to kill that fix and replace it with something else. But last spring, the mortgage industry warned that shutting down the program without first replacing it would be a disaster.

Less than two months later, the Trump administration shut down the rescue program anyway.

read more: https://www.npr.org/2026/04/02/nx-s1-5750814/veterans-mortgages-foreclosure-va-rescue
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