Action Center
Vote YES to Keep Veterans in their Homes
On May 1, the Department of Veterans Affairs ended the Veterans Affairs Servicing Purchase (VASP) program, which offered veterans a “last-resort” option for the Department to purchase delinquent home loans. The program lasted only one year and was intended as an emergency stopgap to stave off veteran foreclosures after the COVID-19 moratorium lapsed.

 

Secretary Collins ended the program over mounting problems with administering VASP and the legal ambiguity of the program. Many in the veteran community understood the Secretary’s rationale, but were clear that Congress should quickly work to present a responsible statutory solution to help veterans keep their homes. Thankfully, House Veterans’ Affairs Subcommittee on Economic Opportunity Chairman, and VFW member, Rep. Van Orden was closely watching the situation and in March introduced a reasonable policy solution: H.R. 1815, VA Home Loan Program Reform Act. This offers a partial claim option through which VA would pay the delinquency on a veteran’s loan and work with lenders to structure appropriate repayments to prevent veterans from defaulting and losing their homes.

 

On May 19, the House passed Rep. Van Orden’s bill without objection. We call on the Senate to pass the VA Home Loan Program Reform Act and keep veterans in their homes.

    Subject
    Message Body
    Post
    Suggested Message
    Post
    Remaining: 0
  • Hide
    • Please call this number:

      Please do not close this window. You will need to come back to this window to enter your code.
      We just sent an email to ... containing a verification code.

      If you do not see the email within the next five minutes, please ensure you entered the correct email address and check your spam/junk mail folder.
      Enter Your Info
      Your Information
      By providing your mobile number, you agree to receive periodic call to action text messages from Veterans of Foreign Wars of the United States. Message and data rates may apply. Reply HELP for help. Reply STOP to unsubscribe. Message frequency varies. Privacy Policy  
      Home Information

      Enter Your Info



      t

      o

      p