Topic: Veterans Benefits Administration
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Backlog consequences: VA withholds bonuses
The VA is withholding bonuses from senior officials who oversee disability claims and will instead spend the money to reduce the backlog, officials announced Monday. In fiscal 2011, when $2.8 million in bonuses were awarded, the number of disability claims pending for longer than 125 days jumped from less than 200,000 to nearly 500,000.
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Home mortgage foreclosures rise in third quarter
Home mortgage foreclosures and delinquencies were up in the third quarter despite greater efforts to help homeowners. Defaults on modified loans were also high.
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