On a daily basis, hundreds of thousands of veterans are targeted, like a precision military operation, by NAMFS member Vendor Resource Management (VRM) on foreclosure orders. Many of these originate from Mr Cooper — the former cleaned up name of Nationstar. While some of these foreclosures may be legitimate in nature, the vast majority of them deal with COVID forbearances. And while the rest of the mortgages issued to civilians simply had the forbearances added to the back of the loan, with the then upper two percent of interest, firms like Mr Cooper are demanding seven percent and above of the very men and women who fought and died for Mr Cooper and VRM. In fact, under the Biden Administration’s weaponization of the Veterans Administration is a stain upon the very social fabric that our government has with respect to veterans, themselves.
National Public Radio ran a great piece on the bait-and-switch program that Democrats are using to line their pockets along with firms like Mr Cooper and VRM. It reads like a Russian recruitment poster in Nepal pledging great salaries and benefits for all who will join and go to the front. The reality ends up being a nightmare calculated to force veterans to fail after giving their all for their Nation.
But in October 2022, the VA abruptly ended a crucial part of its [COVID] forbearance program, stranding tens of thousands of vets who were told they now needed to come up with all the missed payments at once.
“I’m like, how am I gonna come up with … almost $23,000? How am I gonna come up with that?” asks Edmund Garcia, a combat veteran who served in Iraq.
Garcia’s wife lost her job during the pandemic, and when he called his loan servicer in late 2022, he was offered a forbearance. After three months, Garcia says he tried to start paying again but was told the program had ended. The mortgage company said if he couldn’t afford to pay back all the missed payments in a lump sum then he couldn’t resume making his regular monthly payments. So he fell further behind. Then just weeks ago he was notified that all the missed payments were now due.
Think about that, for a moment. Pay all the money back your own government said would go on the back end of your mortgage, after you served your country, or lose it. It is a typical NAMFS byline. And when it comes to seven dollar inspections, pushed by the NAMFS Board of Directors, which separate homeowners from their homes, it is black eye upon the, personally. It is nothing new, though. The United States has a very calculated and detailed history of discriminating against its veterans. In fact, so horrific has our government’s treatment of veterans been, all branches of the armed forces have failed to meet recruitment guidelines.
Slightly more than 148,000 people enlisted in the US armed forces in 2020, a 58% decline from 1980, when 360,745 new people enlisted in the military. The number of applications to the military has dropped 73% over that same time, from 768,532 to 205,105. while the military’s acceptance rate increased from 46.9% to 72.3%.
If you are a veteran and facing the dilemma of feeding your family or having a roof over your head, there is hope. Reach out directly to your Senator or Representative and demand they do their job. And if you are looking for a mortgage, make sure that you boycott firms like Mr Cooper who have the cash and refuse the help. Finally, if you work for VRM, you are an embarrassment to your Nation and we will publish a list soon of these people.
