Mortgage loan makes reservation history
August 16, 2019
Without much fanfare, David Danielson and David Hein made history last Wednesday.
Danielson, a Fond du Lac band member and Vietnam veteran, sat on one side of a table, while the Korean vet and Veterans Administration loan officer, Hein, sat on the other. Between them they forged what will be a notable agreement: to finance a home mortgage for Danielson on tribal trust land.
Hein explained that most conventional lenders won't make such a loan, because if the borrower defaults, they can't close on tribal trust land. It took a government-to-government agreement to make this and future VA loans...