New legislation aimed at helping veterans facing foreclosure

A bill passed in the U.S. Senate aims at preventing the foreclosure mess from hitting veterans.

'The bill, HR 3221, would delay foreclosure action against a service member for up to nine months after they return from deployment — six months longer than under current law. It also provides one year of relief from increases in mortgage interest rates for returning service members and would establish a special counseling program for service members and veterans with financial problems.'

[Navy News]