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Committee advances VA home‑loan reform after disputes over abrupt end of VASP and 80,000 veterans at risk
Summary
Lawmakers approved HR 1815, a plan to replace the VA’s VASP purchase program with a partial‑claims approach, after extended debate over the abrupt April 2025 end of VASP and whether a short moratorium on foreclosures was needed while the new program is implemented.
The House Committee on Veterans' Affairs approved HR 1815, the VA Home Loan Program Reform Act, following lengthy debate over the administration’s decision to end the Veterans Affairs Servicing Purchase program (VASP). The substitute amendment in committee would phase in a partial‑claims program aligned with existing federal mortgage servicing mechanisms and add oversight and protections intended to preserve homeowners' ability to remain in their homes.
Supporters, led by Representative Van Orton, said VASP had become fiscally unsound and departed from the VA home‑loan guarantee’s…
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