MBA Joint Trade Letter to VA on VASP Program
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On behalf of the clients, communities, companies, and borrowers we serve, MBA is concerned with a key feature of the forthcoming Veterans Assistance Servicing Purchase (VASP) Program. MBA appreciates VA’s work on the program, and agree with the statement that your team filed with OMB, that "the rising rate environment combined with the residual impact of the pandemic has left traditional loss mitigation options insufficient to meet the need of affordable home retention options.
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