Aug. 26 (Bloomberg) — President Barack Obama will pledge improved mental health care for military veterans and that fewer former service members will be homeless as he seeks to restore confidence in the scandal-scarred Veterans Affairs Department.

He also will announce a voluntary partnership with lenders to make it easier for active-duty troops to reduce their mortgage-interest rates and monthly payments, the White House said in a fact sheet released before the speech.

Obama will outline his plan in a speech today to the 2.3 million-member American Legion, the nation's largest veterans service organization, at its 96th annual national convention in Charlotte, North Carolina.

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