US veterans hit hard by housing crisis

US veterans hit hard by housing crisis: Veterans and soldiers are on the frontline of the US housing crisis.

Sat Feb 5, 2011 2:54PM http://www.presstv.ir/detail/163760.html

Rhonda Pence, Press TV, Washington

More than 20,000 veterans, active-duty troops and reservists who took out special government-backed mortgages last year lost their homes.

It's the highest number since 2003.

Foreclosures near military bases increased more than 30 percent in the last two years, and that is nearly 10 percent higher than the national foreclosure rate, according to RealtyTrac.

Experts say the housing crisis is hitting military families particularly hard because of transfers, loss of civilian jobs left behind by reservists, and multiple deployments… http://www.presstv.ir/detail/163760.html

20110205 Press TV US veterans hit hard by housing crisis

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