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A new trade group is making an effort to educate veterans about the lesser-known, low-down-payment, government-backed loan program, while the Department of Veterans Affairs works to clarify rules and recruit appraisers.
June 11 -
JPMorgan Chase (JPM) has pledged to invest $20 million over the next five years to support U.S. military veterans and their communities.
May 1 -
Banks, whose reputations took tremendous hits in recent years over the treatment of military customers, have unveiled another round of programs to help service members and veterans as the nation celebrates Veterans Day.
November 11 -
Drexel Hamilton, a startup broker-dealer making inroads in capital markets, pairs Wall Street pros with disabled military veterans, training the latter for new careers. It's a nice story, but in the ultra-competitive market of small-bank advising, will it sell?
April 25
Bank of America (BAC) has donated more than 240 homes in Florida to military veterans, including three who received Purple Hearts.
One recipient, retired Army Sgt. Marcus Ziegler, received a Purple Heart, Combat Action Badge and National Defense Service Medal, after sustaining multiple injuries in Afghanistan. Others included retired Army Staff Sgt. Socheat Mom, who served from October 2007 to April 2014 and received a Purple Heart for his service in Afghanistan; and retired U.S. Marine Corps Corporal Michael Leslie who received a Purple Heart and Combat Action Ribbon for his service in Iraq.
The bank donated the properties this week as part of a three-year commitment to donate more than 1,000 homes to nonprofit groups nationwide that provide services to members of the military or first responders. The bank has already surpassed that target a year ahead of schedule and said in April that it intends to continue the program.
"The property donation program is an important aspect of our commitment to support our veterans and the communities where we work and live," said Mike Fields, Florida state president for Bank of America.
Most of the donated homes had been abandoned by their previous owners and then renovated. Recipients live in the homes mortgage-free.
B of A's partners in the military program include Habitat for Humanity, HomeStrong USA and the Military Warriors Support Foundation, a national organization that helps wounded veterans transition to civilian life.
