VA Reaches Out to Homeowners Affected by Gulf Oil Crisis
Shinseki Calls for “Forbearance”
by Mortgage Companies
WASHINGTON – Veterans in the Gulf States impacted by the recent oil spill may qualify for delayed mortgage
payments if their mortgages are already guaranteed by the Department of Veterans Affairs (VA).
are strongly urging mortgage companies to extend every possible forbearance to Veterans whose livelihoods have been affected
by the oil spill crisis,” said Secretary of Veterans Affairs Eric K. Shinseki.
noted that several mortgage companies have already announced plans to waive late payment charges and suspend negative reporting
to credit bureaus on affected borrowers. VA is asking all mortgage companies to follow this example.
no fault of their own, many of our Veterans are out of work and are struggling to earn an income,” the Secretary added.
“We must assist these Veterans in this difficult time, just as they have supported us in their sacrifice to the Nation.”
in need of mortgage counseling may also contact their nearest VA regional loan center at 1-877-827-3702 for help and information,
regardless of whether or not they have a VA home loan. # # #