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U.S. Department of Veterans Affairs

Mortgage trade groups urge VA to revise elements of proposed partial claim rules

Community Home Lenders of America, HWmember, Loss Mitigation, Mortgage, Mortgage Bankers Association, Mortgage Servicing, Regulatory, Servicing, U.S. Department of Veterans Affairs, VA Loan, Veterans /

The Mortgage Bankers Association (MBA) urged the U.S. Department of Veterans Affairs (VA) to revise elements of its proposed partial claim and loss-mitigation policies for VA-backed mortgages, arguing that the draft rules could leave veteran borrowers at a disadvantage compared to others. In a comment letter submitted Wednesday and addressed to Patrick Zondervan, executive director […]

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House scales back proposed VA mortgage fee hike

Government Lending, HWmember, Legislation, Mortgage, U.S. Department of Veterans Affairs, U.S. House of Representatives, VA Loan, Veterans /

Just weeks after mortgage trade groups expressed concern about a bill in the U.S. House of Representatives that would raise fees on U.S. Department of Veterans Affairs (VA) loans, Republicans in Congress have revised the original proposal. The bill, H.R. 6047 — also known as the Sharri Briley and Eric Edmundson Veterans Benefits Expansion Act

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VA loans rise as housing market shifts toward buyers

Affordability, Department of Veterans Affairs, First-Time Homebuyers, Housing Inventory, HWmember, Mortgage, Real Estate, Redfin, U.S. Department of Veterans Affairs, VA Loan, Veterans /

A growing share of U.S. homebuyers are using Department of Veterans Affairs (VA) loans as the housing market leans in favor of buyers. Nationwide, 7.3% of mortgaged homebuyers used a VA loan in August, up from 6.5% a year earlier — the highest level for that month since 2019, according to a report from Redfin.

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Helping heroes home: how real estate pros can better serve veterans

Agent, Contributors, HWmember, Opinion, Real Estate, U.S. Department of Veterans Affairs, VA Loan, Veterans, Veterans United Home Loans /

Veterans Day serves as a meaningful opportunity to honor the sacrifices made by the men and women in uniform who have served our country. It is also an opportunity to acknowledge the challenges veterans face as they transition back to civilian life, including navigating the homebuying process. For real estate professionals, it’s important to recognize

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VA mortgage partial claim restoration faces timing challenges

Department of Veterans Affairs, Foreclosure, HWmember, LendingLife, Mortgage, Mortgage Servicing, Regulatory, Servicing, Trump administration, U.S. Department of Veterans Affairs, Veterans /

While the mortgage industry has applauded the Trump administration’s push to restore a partial claim option for U.S. Department of Veterans Affairs (VA) loans, many experts warn it may arrive too late to help thousands of struggling borrowers. The program could prevent many defaults and foreclosures, but the implementation timeline is critical, they added. In statement

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VA’s John Bell III stepping into new role at Office of Mission Support

Government Lending, HWmember, LendingLife, Mortgage, Team Leaders, U.S. Department of Veterans Affairs, VA Loan, Veterans /

Longtime U.S. Department of Veterans Affairs (VA) executive and mortgage professional John Bell III announced on LinkedIn that he’s leaving his role as executive director of the VA’s Loan Guaranty Service (LGY). Bell’s post on Monday touted his key accomplishments at the VA, such as increasing its mortgage market share from less than 1% to

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Trump signs VA foreclosure prevention bill into law

Delinquencies, Department of Veterans Affairs, Donald Trump, Foreclosure, HWmember, Legislation, Mortgage, Politics, Trump administration, U.S. Department of Veterans Affairs, Veterans /

President Donald Trump on Wednesday signed Rep. Derrick Van Orden’s bill, the VA Home Loan Program Reform Act, into law after it received approval last week from the Senate. The VA Home Loan Program Reform Act will reform the U.S. Department of Veterans Affairs (VA) mortgage program by adding a partial claim option — a

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