DEVAL assists at-risk borrowers before foreclosure, homelessness become reality
April 30, 2021
Mortgage servicer DEVAL helps at-risk borrowers find affordable housing options by collaborating with a variety of government programs and resources that support loss mitigation efforts and enable borrowers to find alternative housing solutions if, and when, a loan modification or solution is not viable.
One of these resources is Veteran Affairs Supportive Housing, or VASH. VASH is a nationwide veterans voucher program which covers the continental U.S. and its territories. The program encompasses the Department of Housing and Urban Development’s housing mission by providing housing choice vouchers and rental assistance for homeless veterans, while the VA adds to this support by providing case management and clinical services. Since 2008, more than 85,000 vouchers have been awarded by VASH.
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