It’s no secret that serving your country means you must be ready at all times because at any given moment, you will be called to duty. Sometimes this means a deployment or relocating. As a result, you and your family may have to packup your belongings and in some cases sell your home as quickly as possible. Unfortunately, dishonest lenders used this situation to their advantage.
Last week in a Star and Stripes Op-ed, Secretary Donovan talked about the $25 billion mortgage servicing settlement and how this historic agreement will impact our men and women in uniform.
The men and women who serve in our military are heroes — people who are willing to sacrifice everything for their fellow Americans. But too often during the foreclosure crisis, they weren’t treated with the respect and honor they deserved. Indeed, many unscrupulous lenders saw military personnel trying to stay in their homes not as families who needed help — but as targets for exploitation.
Read more at Stripes.com