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NEWS & EVENTS VA Recognizes ALS Link to MilitaryService,amyotrophic lateral sclerosisGo here for the full reort: http://www.usmedicine.com/dailyNews.cfm?dailyID=427 The July-August edition of VETS NEWS is now available online, www.oregon.gov/ODVA/INFO/docs/VETSNEWS/2008/July-August-2008.pdf Director's Message President Signs Heroes Bill Families Remember The Fallen at Afghan-Iraqi Memorial National Guard Reintegration Team Builds for Tomorrow Tri-State Women Veterans Conference a Big Success Military Veterans Appreciation Days 6th Annual Troop and Veteran Appreciation Day in McMinnville Veterans Services Task Force to Hold Town Halls in 17 Cities Veteran Earns High School Diploma Celebrating America's Heroes at the Military Gala ODVA to Celebrate Desegregation of the Armed Forces Sailors' Agent Orange Win Reversed by Appeals Court Grand Ronde Tribe Honors Local Veterans VA Medical Center Hosts Welcome Home Celebration for OIF/OEF
Vets Blue Star Memorial Adorns Albany Veterans Site Deschutes County Fair Free for Vets Small Business Administration Thanks the Men and Women Who
Have Sacrificed for Our Freedom "Veterans' Night at the Elks" is a Place for
Veterans to Meet and Seek Services Veterans' Cremains Given Honors at National Cemetery Upcoming Military Reunions and Events WAVES Looking for Members Friends of the Home Magazine Subscription Program Oregon Veterans' Home Gift Form Christopher M. Dauterman "Interwoven as is the love of liberty with every ligament of your hearts, no recommendation of mine is necessary to fortify or confirm the attachment." --President George Washington, 1796 VA Reaching Out to Vets with Mortgage Problems Peake: VA Has a "Solid Record of Success" in Helping WASHINGTON (June 12, 2008) - Many home owners have found it difficult recently to pay their mortgages, but quick intervention by loan counselors at the Department of Veterans Affairs (VA) has actually reduced the number of veterans defaulting on their home loans. "VA is reaching out to veterans -- both those who use our home-loan guaranty program and those who don't take advantage of our guaranties -- to keep people in their homes," said Secretary of Veterans Affairs Dr. James B. Peake. "I'm proud of our solid record of success in helping veterans and active-duty personnel deal with financial crises." Accounting for much of this success are VA counselors at nine regional loan centers who assist people with VA-guarantied loans avoid foreclosure through counseling and special financing arrangements. The counselors also can assist other veterans with financial problems. VA counselors have helped about 74,000 veterans, active-duty members and survivors keep their homes since 2000, a savings to the government of nearly $1.5 billion. Depending on a veteran's circumstances, VA can intercede with the borrower on the veteran's behalf to pursue options -- such as repayment plans, forbearance, and loan modifications -- that would allow a veteran to keep a home. To obtain help from a VA financial counselor, veterans can call VA toll-free at 1-877-827-3702. Information about VA's home loan guaranty program can be obtained at www.homeloans.va.gov <http://www.homeloans.va.gov/> . Since 1944, when home-loan guaranties were offered with the original GI Bill, VA has guarantied more than 18 million home loans worth $911 billion. Last year, about 135,000 veterans, active-duty service members and survivors received loans valued at nearly $24 billion. About 2.3 million home loans still in effect were purchased through VA's home-loan guaranty program, which makes home loans more affordable for veterans, active-duty members and some surviving spouses by protecting lenders from loss if the borrower fails to repay the loan. More than 90 percent of VA-backed home loans were given without a downpayment. April data shows that foreclosures are down more than 50 percent from the same months in 2003. VA attributes this to prudent credit underwriting standards, its robust supplemental loan servicing program and VA financial loan counselors. Interest Rate Reduction Refinancing Loans (IRRRLs) The Oregon Dept. of Veterans' Affairs (ODVA) is sharing important information about Interest Rate Reduction Refinancing Loans (IRRRLs). Recently the United States Dept. of Veterans' Affairs (VA) reminded veterans that Certificates of Eligibility (COEs) are not required for IRRRL's. The surviving spouse who obtained a VA home loan with the veteran prior to his or her death (regardless of the cause of death), may obtain a VA guaranteed IRRRL. The unmarried surviving spouse of a veteran who died on active duty or as the result of a service-connected disability is eligible for the home loan benefit. To learn more about IRRRL's visit the VA Home Loan website at www.homeloans.va.gov/IRRRL.htm. Lenders, Servicers and Real Estate Professionals can sign up for access to the VA Veterans Information Portal (VIP) online at https://vip.vba.va.gov. ODVA offers a state veterans' home loan (ORVET) that is an additional and distinctively separate benefit from the VA Home Loan Guaranty Program. Information about the ORVET program is available online at www.oregon.gov/ODVA/HOMELOANS. To locate a Service Officer for assistance with veteran benefits, go online at www.oregon.gov/ODVA/VeteransServiceOfficerDirectory.shtml. |
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