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Lawmakers seek answers after VA ends mortgage-assistance program that helped 17,000 veterans
Summary
Members asked why the VA discontinued the VA Servicing Purchase Program (VASP), which had helped thousands of veterans avoid foreclosure by the department purchasing delinquent mortgages. Secretary Collins said the program exposed the VA to large liabilities and the department stopped new enrollments.
Members of the House Appropriations committee questioned Secretary Collins about the VA Servicing Purchase Program, which had allowed the department to assume at‑risk mortgages to prevent foreclosures for veterans.
Representative Escobar asked why the VA terminated the program without an immediately available alternative to prevent…
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