That's one thing we agree upon. Another positive thing Obama and the current administration has done is enact the "Servicemembers Civil Relief Act" whereby:
...lenders cannot foreclose on active-duty military members and their families or charge them interest rates of more than 6 percent on preexisting debt. Some of the biggest lenders have already tried to rectify some of their violations of this law, but the administration’s announcement attempts to guarantee review and relief.
The review process would “provide any who were wrongly foreclosed upon with compensation equal to a minimum of lost equity, plus interest and $116,785,” paid for by the settlement, and provide additional protections and compensation for other abuses related to handling mortgages of military members, the White House document said.
As part of the administration's efforts to help vets and active duty members with their housing woes, it's encouraging them to refinance to lower interest rates through VA governmental loans.
The House Committee is also finally making an effort to help vets (many of whom are now jobless) return to the work force with the "VOW To Hire Heroes Act".
There is still much more we can do to help to help the men and women in our Armed Forces. We need to make sure that the men and women who are currently fighting for and defending our freedoms, and those who served and are now stateside and back in the civilian world get the help they need.
(Brought to you by United States Military VA Loan)
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