June 2012

Military Verification Blog

Sen. Rockefeller Introduces Servicemember Foreclosure Protection Bill

Jun 26 2012
By: Roy L. Kaufmann
Categories: Legislative Developments
The Military Family Home Protection Act of 2012  would increase foreclosure protection for service men and women.  “The least we can do for these American heroes is make sure their homes and families are protected while they are away,” States Senator Rockerfeller, D-W.VA

Read more: http://www.mortgageorb.com/e107_plugins/content/content.php?content.11869

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Regulators Issue Guidance Addressing Servicer Practices Against the U.S. Military

Jun 22 2012
By: Roy L. Kaufmann
Categories: Legislative Developments

Regulators have jointly issued guidance -Interagency Guidance on Mortgage Servicing Practices Concerning Military Homeowners with Permanent Change of Station Orders, concerning the mortgage practices against military personnel.

Read more: http://nationalmortgageprofessional.com/news30112/regulators-issue-guidance-addressing-servicer-practices-against-us-military

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Wounded Veteran Given a Mortgage Free Home

Jun 15 2012
By: Roy L. Kaufmann
Categories: News

With so many reports of Service Members Civil Relief Act violation, it is good to report good news. Wells Fargo and the Military Warriors Support Foundation (MWSF) have joined forces and are committed to helping veterans, who have special needs as a result of their service. The goal of their efforts is to help successfully transition these veterans back to civilian life after experiencing life-threatening injuries.

http://www.businesswire.com/news/home/20120614006619/en/Wounded-Iraq-Veteran-Mortgage-Free-Home

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Divorce Rates Stable: Military Families and Family Law

Jun 06 2012
By: Roy L. Kaufmann
Categories: Legislative Developments, SCRA - General

divorce ratesDivorce rates increase for certain segments but not for service men and women. Congress is taking action to help provide financial security and reduce the impact that deployment plays in child custody disputes, military service men and women.  The Servicemembers Civil Relief Act (“SCRA”) sets forth limitations on legal actions that may be taken against an individual on active military duty.  As a condition precedent to taking such action, an active duty military search must be undertaken either here on our site or, if the social security number of the individual is known,  the Department of Defense Manpower Data Center (“DMDC”).

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