Ginnie Mae is not a lender but a guarantor for veterans. Mortgage brokers that perform in the VA home loan certification are required to follow Ginnie rules and policies. Ginnie bonds are suffering as a result.
The point is that DOD and VA can push for budgeting into bringing back family housing and on-base schools for military children rather than push for pay raises to accommodate a high civilian cost of living.
Military pay is low and this causes morale and recruitment to suffer. Rather than blow holes in budgets by raising military pay, it’s much more cost effective to build modest homes on military bases and house military families so that they can save money. This would also be a huge boost to recruitment.
What is happening is that military families are so stressed financially that they fall prey to predatory mortgage brokers. The loans add to their distress and lower morale.
Before Bush 41, military families were housed on-base and their children went to schools run by DOD, and these schools were very highly rated.
Pushing military families with low pay into the high cost civilian sector is simply a bad situation.
Whew. I was worried that someon was going to say the government oughta do something.
“The point is that DOD and VA can push for budgeting into bringing back family housing and on-base schools for military children”
They can push that all they want, but the democrats will never allow it.
Wasn’t senator dianne frankenswine one of the ones who forced DOD to spin off on base housing to be operated by a third party namely a company affiliated with her husband?