U.S. Department of Veterans Affairs (VA) Programs
The VA-backed home loan program is a vital tool in home financing for those who have served their country in the military. Servicemembers, veterans, and surviving spouses can obtain mortgages, often with no required downpayment, that VA partially guarantees.
The VA share of the single-family mortgage market has grown in recent years. With this growth, it has become even more critical that the program operates efficiently and effectively. MBA’s policy and advocacy efforts have focused on ensuring VA
origination, and servicing requirements are appropriately calibrated, fostering a liquid secondary market for securities backed by VA-guaranteed loans, and opposing proposals that would increase the cost of credit for VA borrowers to generate funds to
be used for non-housing purposes.
Recent MBA Activity Related to Government Lending
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MBA Senate Letter on Luke Pettit to be Assistant Secretary of the Treasury for Financial Institutions
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MBA Joint Letter on FHA Loss Mitigation
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MBA Joint Trades Letter on FHFA Credit Score Models and Reports Initiative
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MBA Comment Letter on FHFA Housing Priorities
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MBA Written Statement from Elizabeth Balce, EVP of Servicing, Carrington Mortgage Services, on HVAC Hearing
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MBA Comment Letter on Loss Mitigation Assistance Policy for Veteran Homeowners
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Joint MBA Comment Letter on Partial Claim Document Recording and Payoff Statements
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Coalition Letter on H.R. 1399, an Amendment to the Federal Election Campaign Act (FECA)
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MBA Letter to Senate Banking Committee on FHFA Bill Pulte Nomination
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MBA Letter to CFPB on Non-Bank Consent Order Registry
Related MBA Events
Ginnie Mae EBO Securitization: A Market-Based Solution to Mitigate Issuer Liquidity Risk
Read MBA's proposal to develop a new, private sector source of liquidity and a discussion of its benefits.