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Planet Money
Planet Money

The veteran loan calamity

Nov 1, 2024 · 36m
AI Summary
  • Military veteran Ray Queen and tens of thousands of others were stranded on the brink of foreclosure due to errors in the VA's COVID forbearance program.
  • Veterans were promised affordable mortgage payments after pausing payments during the pandemic, but the VA's loan system malfunctioned differently than for other Americans.
  • The episode investigates what went wrong with the VA program designed to help veterans and whether government corrections were adequate.

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