U.S. Department of Veterans Affairs (VA) Programs
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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, HPC Letter to VA on VASP Implementation Extension Request
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MBA Comment Letter to CFPB on Mortgage Closing Costs RFI
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MBA Joint Trades Letter on the CFPB’s RFI on Mortgage Closing Costs
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MBA Joint Letter to Ginnie Mae on Proposed HMBS 2.0 Term Sheet
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MBA Joint Letter on H.R. 8127, The Heirs Estate Inheritance Resolution and Succession (HEIRS) Act of 2024.
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MBA Comment Letter on Proposed 2025 NMLS Fee Changes
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MBA Letter to VA Requesting a Delay on Loan Review API
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MBA Joint Letter to CFPB Requesting Reg X Extension
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MBA Letter to FHA and HUD Requesting ROV extension
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MBA Letter to FHFA on FHLB RFI