All Posts Tagged With: "military"
VA Loan Volume Surges, Remains Safest Mortgage Option
The VA Loan Guaranty program had a big year in FY11, driven by a surge in refinance loans and a tighter lending climate that’s drawing renewed attention to this flexible, government-backed mortgage. The VA guaranteed nearly 360,000 loans last year, a 14-percent increase from FY10. Since FY07, the number of VA loan guaranties has surged [...]
8Feb2012 | Chris Birk | 0 comments | Continued
VA Funding Fees Set Through September 2016
Military homebuyers finally got some clarity this week regarding the VA Funding Fee, a mandatory governmental charge applied to all VA loans that has been in a legislative limbo. The fee helps fund the VA Loan Guaranty program and ensures this long-cherished lending mechanism remains outside any Congressional appropriations process. Confusion took root this fall when [...]
28Nov2011 | Chris Birk | 0 comments | Continued
Why VA Loans Are More Important Than Ever
The last few years have proved a mixed bag for home buyers and homeowners alike. Borrowers who qualify have reaped the benefits of government-sponsored tax credit programs and record-low interest rates. At the same time, the subprime mortgage meltdown and ensuing financial crisis created a restrictive credit environment and made it significantly tougher for some [...]
14Nov2011 | Chris Birk | 0 comments | Continued
Spread the Word: Millions of Veterans Unaware of their VA Home Loan Benefits
The VA loan program has helped more than 18 million service members achieve the dream of homeownership since 1944. Today, these flexible loans remain the safest and most powerful lending option on the market for military borrowers and their families. Qualified veterans can purchase a home without having to spend money on a down payment, [...]
11Nov2011 | Chris Birk | 0 comments | Continued
Veterans Day — Let’s Bring Back The Draft
It’s Veterans Day, a deserved recognition of the work done and the danger faced by those with military service. There will be parades and speeches, but few will get to the essential point: We need to bring back the draft. Today we have a nation of 312 million people. Of this number, 1.4 million are [...]
11Nov2011 | Peter G. Miller | 3 comments | Continued
Firms Accused of Fleecing VA Mortgage Borrowers
Thirteen lenders — including Wells Fargo, JP Morgan Chase and Bank of America — allegedly collected illegal fees worth millions of dollars from VA borrowers. In hundreds of thousands of VA refinancing transactions, the lenders allegedly charged an additional $300 to $1,000 per loan, according to claims made in a lawsuit by two whistleblowers. In [...]
6Oct2011 | Chris Birk | 0 comments | Continued
Buying from a Bunker: Service Members Can Secure Home Loans While Abroad
Military members live on the go. From domestic reshuffling to extended overseas deployments, service members and their families face frequent relocation. Hassles and headaches can easily follow. All that moving can take a toll on finances and credit health. But serving overseas doesn’t mean military members have to hold off on their pursuit of a [...]
13Jul2011 | Chris Birk | 0 comments | Continued
How To Get A Federal Government Job
In the midst of a lousy job market there’s one sector of the economy that would really like to see your resume. Uncle Sam is hiring civilian employees — and when the federal government hires it offers both good pay and great benefits. There are full and part-time jobs as well as jobs for entry-level [...]
2Jun2011 | Peter G. Miller | 0 comments | Continued
JP Morgan to Pay $56M to Settle Military Mortgage Violations
Lending giant JP Morgan Chase is paying $56 million to settle claims it repeatedly overcharged military families on their mortgages and improperly foreclosed on nearly a dozen service members. The lending giant came under fire this winter after an NBC News investigation revealed it repeatedly violated the Servicemembers Civil Relief Act, a key safeguard that protects [...]
27Apr2011 | Chris Birk | 1 comment | Continued
Time Winding Down for First-Time Military Borrowers To Get Tax Credits
The government’s landmark tax credit program for first-time home buyers is starting to drift back in focus again as tax day approaches. The unique $8,000 credit for new buyers and $6,500 credit for existing homeowners helped inject stability into the slumping housing market during 2010. Consumers and some industry observers have pushed for a renewal [...]
3Mar2011 | Chris Birk | 0 comments | Continued
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