The VA Home Loan Program Reform Act allows the Secretary of Veterans Affairs to take steps to prevent foreclosures on VA-guaranteed loans. This includes paying loan holders to avoid foreclosure and establishing a Partial Claim Program. This program lets the Secretary purchase a portion of a defaulted loan to help veterans in financial distress, offering mitigation options before foreclosure.

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Vote Yes on this bill if you want to provide veterans with more options to avoid foreclosure on VA loans. Organizations that support this bill may include veteran advocacy groups seeking improved financial protection for veterans.

Supported By

National Association of Mortgage Brokers (NAMB)

Defense Credit Union Council (DCUC)

The American Legion

New England Center and Home for Veterans (NECHV)

National Association of Realtors (NAR)

Mortgage Bankers Association (MBA)

Mission Roll Call

Vote No on this bill if you want to limit the Secretary's authority to intervene in loan defaults. Organizations that oppose this bill may include financial institutions concerned about increased regulatory burdens.

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