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by lcnPylGDnU4H9OF
953 days ago
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They were allowed to defer payments, placing those at the end of the “queue” of payments. Then the program was cancelled before the extended terms of the loans. > In October 2022, the Department of Veterans Affairs ended the so-called Partial Claim Payment program, or PCP, that enabled homeowners to do that. This happened even though the mortgage industry, housing advocates and veterans groups all warned the VA not to end the program, saying thousands of homeowners needed to catch up on missed payments. Interest rates had risen so much that many couldn't afford to refinance or get back on track any other way. |
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