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VA announces new program to help more than 40,000 Veterans stay in their homes

Tony
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Tony

Tony

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WASHINGTON — On May 31, 2024, the Department of Veterans Affairs will launch a new program — the Veterans Affairs Servicing Purchase (VASP) program — to help more than 40,000 Veterans experiencing severe financial hardship avoid foreclosure and stay in their homes.

VASP is a new, last-resort tool in VA’s comprehensive suite of home retention options for eligible Veterans, active-duty Service members, and surviving spouses with VA-guaranteed home loans who are experiencing severe financial hardship. Through VASP, VA will purchase defaulted VA loans from mortgage servicers, modify the loans, and then place them in the VA-owned portfolio as direct loans. This will empower VA to work directly with eligible Veterans to adjust their loans — and their monthly payments — so they can keep their homes. With VASP, these borrowers will have a fixed 2.5% interest rate, which will provide a consistent, affordable payment for the remainder of their loan.

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      CLASSIFICATION: UNCLASSIFIED// ROUTINE R 171958Z DEC 24 MID120001648098U FM CNO WASHINGTON DC TO NAVADMIN INFO CNO WASHINGTON DC BT UNCLAS NAVADMIN 252/24 PASS TO OFFICE CODES: FM CNO WASHINGTON DC//N1// INFO CNO WASHINGTON DC//N1// MSGID/GENADMIN/CNO WASHINGTON DC/N1/DEC// SUBJ/CALL FOR APPLICATIONS FOR ASSIGNMENT TO THE FLAG WRITER PROGRAM (791D)// REF/A/DOC/COMNAVPERSCOM/11DEC19// AMPN/REF A IS MILPERSMAN 1306-913, FLAG WRITER (NEC A15A)// RMKS/1. This NAVADMIN announces the requirements and solicits motivated Yeoman (YN) for Flag Writer (791D) assignments, which are available for paygrades E5 and above. Interested YN's who meet the criteria in reference (a) are eligible to apply for the program as early as 15 months from their Projected Rotation Date. 2. Flag Writers are assigned to the personal staffs of Flag and General Officers with the primary mission of providing administrative assistance to and removing administrative burden from the officer they support. A talented Flag Writer is vital to mission success. 3. Eligibility. To be considered for a Flag Writer assignment, candidates must meet the following requirements: a. Warfare-qualified YN2 and above with minimum 6 years of total service or at least 1 year time-in-rate serving on Active Duty, Training and Administration of the Reserve, or Selected Reserve. b. Outstanding verbal communication skills. c. Complete NAVPERS 1306/92, Special Program Screening. d. Have at least 36 months of required obligated service for this program. e. Meet Body Composition Assessment standards and pass the most recent Physical Fitness Assessment. f. Have no Non-Judicial Punishment or courts-martial convictions in the last 36 months. g. Have no alcohol-related incidents (civil or military) in the last 36 months. h. U.S. citizen with non-dual citizenship, holding a minimum secret clearance (valid). 4. Interested candidates meeting the above requirements must submit requests to NAVPERSCOM, Admin/Deck/Security/Supply Distribution Branch (PERS-405) via the administrative chain of command using NAVPERS 1306/7, Electronic Personnel Action Request for approval of release to screen for the Flag Writer Program via MyNavy Portal. 5. For questions or additional information, please contact the Flag Writer Placement Coordinator (PERS-44ES1) at (901) 874-3732. 6. This message will remain in effect until superseded by updated MILPERSMAN or canceled. 7. Released by Vice Admiral Richard J. Cheeseman, Jr., N1.// BT #0001 NNNN CLASSIFICATION: UNCLASSIFIED//
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      ALNAV 094/24 - U.S. NAVY REGULATIONS, 1990 INTERIM CHANGE (CORRECTED COPY)

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