Archive for the 'Veterans Administration' Category
VA Loan Program Grows, Prospers
June 14th, 2011
Written by Frost Mortgage
The Mortgage Bankers Association reports a 4.52 percent serious delinquency rate for VA loans at the end of March, versus 5.58 percent for prime mortgages. Experts say the VA program’s success, despite originating loans with no down payments, is rooted in its focus on military borrowers and an automated servicing system that allows staff to track individual loans and efforts by servicers to help borrowers. The program also uses a “single point of contact” model so that every defaulted loan is handled by a specific staffer; and it employs “supplemental servicing” so that troubled borrowers who do not respond to the servicer are contacted by agency staffers.
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American Banker (06/14/11) P. 9 Collins, Brian
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From Frost Mortgage to our Veterans…Thank You!
November 11th, 2010
Written by Frost Mortgage
“Well, today, Veterans Day, as we do every year, we take that moment to embrace the gentle heroes… of all our wars. We remember those who were called upon to give all a person can give, and we remember those who were prepared to make that sacrifice if it were demanded of them in the line of duty, though it never was. Most of all, we remember the devotion and gallantry with which all of them ennobled their nation as they became champions of a noble cause…… Our young friends — yes, young friends, for in our hearts you will always be young, full of the love that is youth, love of life, love of joy, love of country — you fought for your country and for its safety and for the freedom of others with strength and courage. We love you for it. We honor you. And we have faith that, as He does all His sacred children, the Lord will bless you and keep you, the Lord will make His face to shine upon you and give you peace, now and forever more.
Thank you all, and God bless you.”
Ronald Reagan
Delivered 11 November 1988, Washington D.C.
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Military housing shows resilience
April 14th, 2010
Written by Frost Mortgage
Military housing (subscription required) has been dented by the economy, but not as badly as the civilian sector, National Mortgage News reports. Moody’s Investors Services downgraded nine of 23 housing developments at bases around the country, largely the result of declining credit ratings of surety providers.
The news highlights the fact that, if you’re in the service, now’s a great time to capitalize on some of the benefits. As we mentioned recently, for instance, the homebuyer tax credit is about to run out for most of us, but military personnel will have an extra year to take advantage of it.
If you’re an active-duty service member or a veteran, please contact us today. We’re long-time supporters of those who serve our nation, with expertise in Veterans Administration loans as well, and we would be proud to assist you as you look for funding for your next home.
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