When the Home Front Takes Away Your Home

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For years, FHA and VA mortgages have made homeownership possible for military vets. Those service members’ modest incomes often keep them from saving a large-enough down payment to secure a prime loan; the federal programs helped them find affordable financing that fit within their budgets.

Until the mortgage boom, that is. Private lenders managed to hawk subprime mortgages with ballooning payments under the FHA and VA umbrellas. Now, as more vets transition from the war zone to the home front, they’re finding that they can no longer afford their homes.

Which is why you should read “Home From War and Facing Eviction,” a riveting story of struggling vets and how the financial sector gamed the system to screw them. Written by Pulitzer winners Donald Barlett and James Steele, it comes via our partners at New American Media, and it’s damned important. If you don’t mind the pain of being rapped hard on your empathy bone, give it a look-see.

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We've never been very good at being conservative.

And usually, that serves us well in doing the ambitious, hard-hitting journalism that you turn to Mother Jones for. But it also means we can't afford to come up short when it comes to scratching together the funds it takes to keep our team firing on all cylinders, and the truth is, we finished our budgeting cycle on June 30 about $100,000 short of our online goal.

This is no time to come up short. It's time to fight like hell, as our namesake would tell us to do, for a democracy where minority rule cannot impose an extreme agenda, where facts matter, and where accountability has a chance at the polls and in the press. If you value our reporting and you can right now, please help us dig out of the $100,000 hole we're starting our new budgeting cycle in with an always-needed and always-appreciated donation today.

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