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Chris Arnold

๐Ÿ‘ค Speaker
359 total appearances

Appearances Over Time

Podcast Appearances

Planet Money
The veteran loan calamity

Okay. It's been a year since that phone call. After the break... Everything is fixed. No. No. No way. No, it's not.

Planet Money
The veteran loan calamity

Okay. It's been a year since that phone call. After the break... Everything is fixed. No. No. No way. No, it's not.

Planet Money
The veteran loan calamity

Not fixed. So a foreclosure pause is useful, but the whole point of that was to buy time for the Department of Veterans Affairs to roll out this permanent fix, this program that it was calling VASP.

Planet Money
The veteran loan calamity

Not fixed. So a foreclosure pause is useful, but the whole point of that was to buy time for the Department of Veterans Affairs to roll out this permanent fix, this program that it was calling VASP.

Planet Money
The veteran loan calamity

Not fixed. So a foreclosure pause is useful, but the whole point of that was to buy time for the Department of Veterans Affairs to roll out this permanent fix, this program that it was calling VASP.

Planet Money
The veteran loan calamity

Let's call it the bailout plan. Good plan. So, the bailout plan. If you are a veteran who is facing foreclosure, the VA will go to the bank or more likely the investors who hold your mortgage, and they will take the mortgage back from them.

Planet Money
The veteran loan calamity

Let's call it the bailout plan. Good plan. So, the bailout plan. If you are a veteran who is facing foreclosure, the VA will go to the bank or more likely the investors who hold your mortgage, and they will take the mortgage back from them.

Planet Money
The veteran loan calamity

Let's call it the bailout plan. Good plan. So, the bailout plan. If you are a veteran who is facing foreclosure, the VA will go to the bank or more likely the investors who hold your mortgage, and they will take the mortgage back from them.

Planet Money
The veteran loan calamity

Yeah, the bailout essentially gives the VA the ability to take over the mortgages of veterans like the Queens and then allow the Queens to restart affordable mortgage payments, specifically at 2.5% for up to 40 years. It lets the VA offer a new on-ramp back onto the old mortgage payment highway.

Planet Money
The veteran loan calamity

Yeah, the bailout essentially gives the VA the ability to take over the mortgages of veterans like the Queens and then allow the Queens to restart affordable mortgage payments, specifically at 2.5% for up to 40 years. It lets the VA offer a new on-ramp back onto the old mortgage payment highway.

Planet Money
The veteran loan calamity

Yeah, the bailout essentially gives the VA the ability to take over the mortgages of veterans like the Queens and then allow the Queens to restart affordable mortgage payments, specifically at 2.5% for up to 40 years. It lets the VA offer a new on-ramp back onto the old mortgage payment highway.

Planet Money
The veteran loan calamity

Except... We do have one final stop on this story because during their year of reporting, Chris and Quill kept looking at this solution, this bailout, and saying, I think there is a huge hole in this VA fix. A big group of veterans getting left out here.

Planet Money
The veteran loan calamity

Except... We do have one final stop on this story because during their year of reporting, Chris and Quill kept looking at this solution, this bailout, and saying, I think there is a huge hole in this VA fix. A big group of veterans getting left out here.

Planet Money
The veteran loan calamity

Except... We do have one final stop on this story because during their year of reporting, Chris and Quill kept looking at this solution, this bailout, and saying, I think there is a huge hole in this VA fix. A big group of veterans getting left out here.

Planet Money
The veteran loan calamity

Chris and Quill went and visited. Hey, how are you doing?

Planet Money
The veteran loan calamity

Chris and Quill went and visited. Hey, how are you doing?

Planet Money
The veteran loan calamity

Chris and Quill went and visited. Hey, how are you doing?

Planet Money
The veteran loan calamity

Natalie had a very similar story to the Queens. During COVID, she had to stop working to take care of sick family, got forbearance on her VA loan, and then one day gets word that she cannot just start up payments again like she thought. Like the affordable on-ramp she thought that she would have was gone. And just like the Queens, she was instead presented with very bad on-ramps back to repayment.

Planet Money
The veteran loan calamity

Natalie had a very similar story to the Queens. During COVID, she had to stop working to take care of sick family, got forbearance on her VA loan, and then one day gets word that she cannot just start up payments again like she thought. Like the affordable on-ramp she thought that she would have was gone. And just like the Queens, she was instead presented with very bad on-ramps back to repayment.

Planet Money
The veteran loan calamity

Natalie had a very similar story to the Queens. During COVID, she had to stop working to take care of sick family, got forbearance on her VA loan, and then one day gets word that she cannot just start up payments again like she thought. Like the affordable on-ramp she thought that she would have was gone. And just like the Queens, she was instead presented with very bad on-ramps back to repayment.