The veteran loan calamity
1 November - 36 mins
Podcast Series
Planet Money
Ray and Becky Queen live in rural Oklahoma with their kids (and chickens). The Queens were able to buy that home with a VA loan because of Ray's service in the Army. During COVID, the Queens – like millions of other Americans – needed help from emergency forbearance. They were told they could pause home payments for up to a year and then pick up again making affordable mortgage payments with no problems.
That's what happened for most American homeowners who took forbearance. But not for tens of thousands of military veterans like Ray Queen.
On today's show, we follow two reporters' journey to figure out what went wrong with the VA's loan forbearance program. How did something meant to help...
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