Articles and news about VA loans and HUD requirements. VA loans are a great way to buy a home with no down payment.

Tag Archives: foreclosure avoidance

VA Issues Guidance For Principal Reduction On VA Home Loans

VA Issues Guidance For Principal Reduction On VA Home Loans

The Department of Veterans Affairs has issued some guidance for lenders about principal reduction for VA mortgages. Borrowers who get into trouble with conventional or FHA home loans often wind up discussing foreclosure avoidance options that include principal reduction —...

Is My VA Home Loan Eligible for the Bank of America Principal Reduction Program?

Is My VA Home Loan Eligible for the Bank of America Principal Reduction Program?

The HUDddle, an official blog found at the Department of Housing and Urban Development, recently linked to a news story at a website called Commercial Appeal regarding Bank Of America’s loan reduction program. According to the blog post, “More than...

VA Loans and Foreclosure Scams

VA Loans and Foreclosure Scams

The government aggressively investigates claims of discriminatory lending practices, violations of the Fair Housing Act, and other issues that affect military and civilian home buyers alike, but there's an equally troubling issue facing borrowers in a continually struggling housing market;...