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.