Quill Lawrence

So they were told they could pay back all of their missed payments all at once, $22,000, which they didn't have, or they could do what's called a loan modification, but rates had gone way up. I mean, mortgage rates had doubled, and that meant if they did a loan mod, their payments were gonna go up by a huge amount.

I mean, when I talked to Ray and Becky Queen, they were very close to foreclosure. I mean, you start getting letters in the mail that say, like, we're going to foreclose on your house. You know, there's not much time left. And they were scared and angry and confused.

I mean, when I talked to Ray and Becky Queen, they were very close to foreclosure. I mean, you start getting letters in the mail that say, like, we're going to foreclose on your house. You know, there's not much time left. And they were scared and angry and confused.

I mean, when I talked to Ray and Becky Queen, they were very close to foreclosure. I mean, you start getting letters in the mail that say, like, we're going to foreclose on your house. You know, there's not much time left. And they were scared and angry and confused.

And he's like, I'll tell you what I think's going on. And when he explains it, I'm like, oh my God, like, like that makes sense. And it sounds really bad.

And he's like, I'll tell you what I think's going on. And when he explains it, I'm like, oh my God, like, like that makes sense. And it sounds really bad.

And he's like, I'll tell you what I think's going on. And when he explains it, I'm like, oh my God, like, like that makes sense. And it sounds really bad.

Yeah, I mean, you kind of think about it this way, right? So you're paying your mortgage, you own your house. It's like you're driving along the freeway. But then crisis hits. You pause your payments. You're pulling off the highway temporarily. Now, when it's time to start paying again, You need an on ramp to get back onto the highway.

Yeah, I mean, you kind of think about it this way, right? So you're paying your mortgage, you own your house. It's like you're driving along the freeway. But then crisis hits. You pause your payments. You're pulling off the highway temporarily. Now, when it's time to start paying again, You need an on ramp to get back onto the highway.

Yeah, I mean, you kind of think about it this way, right? So you're paying your mortgage, you own your house. It's like you're driving along the freeway. But then crisis hits. You pause your payments. You're pulling off the highway temporarily. Now, when it's time to start paying again, You need an on ramp to get back onto the highway.

It appeared that like loans backed by Fannie and Freddie or FHA or most other loans in America, that is the on ramps were working, but people were getting back on. But something didn't seem to be working with the VA loans.

It appeared that like loans backed by Fannie and Freddie or FHA or most other loans in America, that is the on ramps were working, but people were getting back on. But something didn't seem to be working with the VA loans.

It appeared that like loans backed by Fannie and Freddie or FHA or most other loans in America, that is the on ramps were working, but people were getting back on. But something didn't seem to be working with the VA loans.

The VA basically blew up the on-ramp and people couldn't get back.

The VA basically blew up the on-ramp and people couldn't get back.

The VA basically blew up the on-ramp and people couldn't get back.

Yeah, I mean, that was one of the most striking things in all this, right? It's like veterans are supposed to have better protections than everybody else. What we saw here was most other American homeowners had better protections than veterans. It was the veterans who were getting hurt at the end of this COVID forbearance thing.

Yeah, I mean, that was one of the most striking things in all this, right? It's like veterans are supposed to have better protections than everybody else. What we saw here was most other American homeowners had better protections than veterans. It was the veterans who were getting hurt at the end of this COVID forbearance thing.

Yeah, I mean, that was one of the most striking things in all this, right? It's like veterans are supposed to have better protections than everybody else. What we saw here was most other American homeowners had better protections than veterans. It was the veterans who were getting hurt at the end of this COVID forbearance thing.

Well, I mean, technically it means something, right? That they thought they had no choice but to turn off this option. But I mean, the thing that doesn't seem to add up or make any sense in that, it's like, you know, when we went to the VA, there were 6,000 veterans on the verge of foreclosure, in the foreclosure process. A total of 40,000 vets headed that direction.