MBA Joint Comment Letter to VA on Public Comment Process for Foreclosure Prevention Solution for Veteran Borrowers
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On behalf of the clients, communities, companies, and borrowers we serve, MBA urge the VA to post a draft policy document regarding Veterans Assistance Servicing Purchase (VASP) program by September 21, 2023. The current state of loss mitigation options requires urgent action, and while we appreciate the dialogue VA has had with stakeholders, it is time for the agency to start a public process for review and comment on VA’s new foreclosure prevention solution.
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