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MBA Joint Letter to VA on VASP

2023 Comment Letters Government Lending Government Servicing Policy Issue Residential
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The Mortgage Bankers Associations (MBA) and the Housing Policy Council request that the Department of Veterans Affairs (VA) provide a public process for review and comment on VA’s new foreclosure prevention solution, the Veterans Assistance Servicing Purchase (VASP) program. Specifically, the VA should allow a 30-day comment period before finalization of any new policy to be effective in the VA Servicer Handbook with a subsequent appropriate implementation period. 

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