Who knows about this VA program for Native Americans?

The Department of Veterans Affairs recently came under fire for not getting the word out about a lending program it has for Native American veterans.

Good afternoon! Was this newsletter forwarded to you? Sign up here. Hello, LOs!   The Department of Veterans Affairs recently came under fire for not getting the word out about a lending program it has for Native American veterans. In the past decade, the program only yielded 89 loans in the continental U.S. That's less than 1% of the 70,000 veterans who would be potentially eligible for the program, according to the Government Accountability Office.   The VA said it's doing its best. From 2018 to 2020, the agency performed over 100 dedicated national outreach events, which it says was more than the program requires.   Other agencies — namely the Department of Housing and Urban Development, and the United States Department of Agriculture — have their own programs. They've had relatively more success with developing relationships with tribal entities, although it's hard to say what their impact on Native American veterans has been.   The GAO said that the data on the other programs' performance is unclear, partly because reporting of whether a borrower is a veteran or not is spotty. The agency concluded that the "differences in program and other requirements limited the benefits of such comparisons."   For those of you who specialize in lending to Native American communities, have you ever used the USDA, HUD or VA programs? Please share your experiences with me, at georgia@hwmedia.com   Georgia Kromrei Senior Mortgage Reporter, HousingWire Freddie Mac first out of the gate with plans for targeted lending programs CFPB/ Regulatory Freddie Mac will debut targeted lending programs this year, following guidance from regulators giving lenders the go-ahead. Help real estate agents offer more options and save deals How? Share creative solutions for buyers that may be new to your referral partners. When they see how these strategies can help them solve problems for buyers and show more homes, they'll thank you!

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