WASHINGTON, D.C. (May 19, 2025) — MBA's President and CEO Bob Broeksmit, CMB, released the following statement on the passage of the VA Home Loan Program Reform Act (H.R. 1815) in the U.S. House of Representatives:
“MBA has been a fierce advocate for distressed veteran homeowners, working with a bipartisan group of lawmakers, Veterans Affairs (VA) staff, and our members to help keep them in their homes since the VA's previous loss mitigation solution was terminated during the pandemic without a replacement.
"The need for a permanent partial claim option is urgent. We applaud the passage of this important bill, which gives the VA permanent authority to create a partial claims program that aligns with the loss mitigation options offered to borrowers across other federal housing agencies.
“We will continue to work with a bipartisan group of senators to get similar legislation passed as soon as possible. Thousands of struggling veteran homeowners risk foreclosure without this swift legislative action and subsequent implementation of a VA partial claim program."
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