Items Tagged with 'veterans'

ARTICLES

  • NewDay USA appoints Garrison Foster senior vice president

    Foster founded Veterans Association for Homeownership
    VA lender NewDay USA announced this week it has named Garrison Foster to serve as senior vice president and oversee the company’s purchase home loan division. Foster, a U.S. Marine Corps veteran and advocate for vets, founded the Veterans Association for Homeownership, a nonprofit organization that assists veterans and families to better understand and receive VA benefits.
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  • Homes For Our Troops hosts celebrity Veterans Day auction

    Auction closes Nov. 14
    From women's ED sneakers autographed by Ellen Degeneres to four backstage passes to CNN's New Day, Homes For Our Troops is hosting a celebrity auction. All of the proceeds will go toward the non-profit’s mission to build specially adapted custom homes for severely injured post 9/11 Veterans. Act quick! The auction closes Nov. 14.
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  • DOJ suing Northwest Trustee Services for illegally foreclosing on veterans

    Claims foreclosure trustee violated Servicemembers Civil Relief Act
    “Our investigation revealed that Northwest Trustee Services repeatedly failed to comply with laws that are meant to ensure our service members do not have to fight a two front war – one on behalf of all of us, and the other against illegal foreclosures,” U.S. Attorney Annette Hayes said.
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  • Ginnie Mae, VA launch task force to look into lenders targeting veterans for quick refinances

    Comes on the heels of Ginnie Mae opening investigation
    Roughly one month ago, Ginnie Mae announced that it was launching an investigation into mortgage lenders that were aggressively targeting servicemembers and military veterans for quick and potentially risky refinances of their mortgages. Now, Ginnie Mae and the Department of Veterans Affairs are launching a task force to “address mortgage refinancing issues” surrounding VA loans.
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  • Ginnie Mae investigating aggressive lenders targeting veterans for quick refinances

    Review comes on heels of CFPB report, inquiry from Sen. Elizabeth Warren
    Ginnie Mae is looking into a number of mortgage lenders that are aggressively targeting servicemembers and military veterans for quick and potentially risky refinances of their mortgages. Ginnie Mae’s investigation comes at the urging of Sen. Elizabeth Warren, D-Massachusetts, who raised concerns about lenders that may be “aggressively and misleadingly marketing the refinancing of mortgages backed by the Department of Veterans Affairs.”
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  • Grassroots military organizations ask Congress to save the CFPB

    VoteVets, Common Defense say that CFPB protects servicemembers
    As the Financial CHOICE Act winds its way through the House of Representatives, two grassroots organizations that represent current and former members of the military are asking the members of Congress to leave the Consumer Financial Protection Bureau alone and allow the bureau to continue functioning as it does now.
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  • UWM: Industry is taking the wrong approach to protecting veterans

    CEO explains why brokers’ future looks bright
    United Wholesale Mortgage’s CEO explained that the industry’s current approach toward veterans and interest rate reduction refinance loans is in need of a change. In the company’s monthly 3 Points video, he notes: How about we do right by our veterans the first time and we won’t have this issue?
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